Scandinavian Brake Systems AS (OCSE:SBS) ROCE % : -37.47% (As of Jun. 2024)

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What is Scandinavian Brake Systems 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. Scandinavian Brake Systems AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -37.47%.

Scandinavian Brake Systems AS ROCE % Historical Data

The historical data trend for Scandinavian Brake Systems 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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Scandinavian Brake Systems AS ROCE % Chart

Scandinavian Brake Systems AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.73

-13.36

-13.05

-9.64

-78.60

Scandinavian Brake Systems AS Semi-Annual Data
	Dec14	Jun15	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															-9.66	-16.88	-16.80	-142.77	-37.47

Scandinavian Brake Systems AS ROCE % Calculation

Scandinavian Brake Systems 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 )
	=	-25.9	/	( ( (229.3 - 183.4)	+	(44.7 - 24.7) )	/ 2 )
	=	-25.9	/	( (45.9	+	20)	/ 2 )
	=	-25.9	/	32.95
	=	-78.60 %

Scandinavian Brake Systems 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 )
	=	-6.8	/	( ( (44.7 - 24.7)	+	(48.6 - 32.3) )	/ 2 )
	=	-6.8	/	( ( 20	+	16.3 )	/ 2 )
	=	-6.8	/	18.15
	=	-37.47 %

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

Scandinavian Brake Systems AS (OCSE:SBS) 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.

Scandinavian Brake Systems AS ROCE % Related Terms

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Scandinavian Brake Systems AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Scandinavian Brake Systems AS (OCSE:SBS) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Kuopiovej 11, Svendborg, DNK, 5700

Website

http://www.sbs.dk

Scandinavian Brake Systems AS is a Denmark based company engaged in manufacturing and selling of automotive and friction parts. Its operating segments are SBS Automotive and SBS Friction and Other. SBS Automotive segment comprises activities within vehicles, including sourcing, completion, and distribution of brake parts and related wearing parts for vehicles. The automotive products offered by the group are brake parts, clutch kits, coil springs, shock absorbers, and other parts. SBS Friction segment includes activities related to the manufacturing and sale of friction materials for motorcycles, wind turbines and for other areas. SBS Automotive segment contributes majorly to the group's revenue.