GreenMobility AS (OCSE:GREENM) ROCE % : 7.90% (As of Jun. 2024)

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What is GreenMobility AS ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. GreenMobility AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.90%.

GreenMobility AS ROCE % Historical Data

The historical data trend for GreenMobility AS's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GreenMobility AS ROCE % Chart

GreenMobility AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-64.59

-68.58

-30.31

-17.64

-24.65

GreenMobility AS Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													-27.31	-1.89	-1.85	-54.27	7.90

GreenMobility AS ROCE % Calculation

GreenMobility AS's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-40.591	/	( ( (285.586 - 88.602)	+	(205.062 - 72.698) )	/ 2 )
	=	-40.591	/	( (196.984	+	132.364)	/ 2 )
	=	-40.591	/	164.674
	=	-24.65 %

GreenMobility AS's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	8.602	/	( ( (205.062 - 72.698)	+	(164.485 - 78.979) )	/ 2 )
	=	8.602	/	( ( 132.364	+	85.506 )	/ 2 )
	=	8.602	/	108.935
	=	7.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

GreenMobility AS (OCSE:GREENM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

GreenMobility AS ROCE % Related Terms

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GreenMobility AS Business Description

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2G9:Germany

Address

Landgreven 3, 4. floor, Copenhagen, DNK, 1301

Website

https://www.greenmobility.com

GreenMobility AS offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, or on daily basis. GreenMobility operates a total of 1600 EVs in Copenhagen, Aarhus, Malmo, Gothenburg, Antwerp, Gent and Helsinki. More than 200,000 people have signed up with GreenMobility. The company sees a rapidly growing market for car sharing in large cities that demand green transport for their citizens and to reduce the number of private cars. Geographically it derives key revenue from domestic sales in Denmark.

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