Relesys AS (OCSE:RELE) ROCE % : -64.22% (As of Dec. 2023)

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What is Relesys 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. Relesys AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -64.22%.

Relesys AS ROCE % Historical Data

The historical data trend for Relesys 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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Relesys AS ROCE % Chart

Relesys AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

113.34

50.03

-12.13

-54.32

-52.05

Relesys AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					-51.57	-72.57	-	-22.90	-64.22

Relesys AS ROCE % Calculation

Relesys 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 )
	=	-16.828	/	( ( (50.206 - 10.861)	+	(45.858 - 20.541) )	/ 2 )
	=	-16.828	/	( (39.345	+	25.317)	/ 2 )
	=	-16.828	/	32.331
	=	-52.05 %

Relesys AS's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-17.304	/	( ( (46.309 - 17.734)	+	(45.858 - 20.541) )	/ 2 )
	=	-17.304	/	( ( 28.575	+	25.317 )	/ 2 )
	=	-17.304	/	26.946
	=	-64.22 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Relesys AS (OCSE:RELE) 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.

Relesys AS ROCE % Related Terms

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Relesys AS (OCSE:RELE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Relesys AS (OCSE:RELE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NA0:Germany

Address

Orient Plads 1, 1 Floor, Nordhavn, DNK, 2150

Website

https://www.relesys.net

Relesys AS is a software company delivering customized communication and performance Platforms. Its software engages and develops employee's personal growth and aspires them to achieve more. The app makes it possible to make data-driven decisions and implement strategies to increase the overall productivity of any company.

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