Wirtek AS (OCSE:WIRTEK) ROCE % : 18.16% (As of Dec. 2024)

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What is Wirtek 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. Wirtek AS's annualized ROCE % for the quarter that ended in Dec. 2024 was 18.16%.

Wirtek AS ROCE % Historical Data

The historical data trend for Wirtek 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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Wirtek AS ROCE % Chart

Wirtek AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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54.56

68.81

51.52

27.22

16.45

Wirtek AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.72	27.80	3.18	12.87	18.16

Wirtek AS ROCE % Calculation

Wirtek AS's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	3.273	/	( ( (30.171 - 11.567)	+	(38.018 - 16.837) )	/ 2 )
	=	3.273	/	( (18.604	+	21.181)	/ 2 )
	=	3.273	/	19.8925
	=	16.45 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	4.364	/	( ( (45.872 - 18.991)	+	(38.018 - 16.837) )	/ 2 )
	=	4.364	/	( ( 26.881	+	21.181 )	/ 2 )
	=	4.364	/	24.031
	=	18.16 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Wirtek AS (OCSE:WIRTEK) 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.

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Wirtek AS Business Description

Industry

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Address

Niels Jernes Vej 10, Aalborg, DNK, 9220

Website

https://www.wirtek.com

Wirtek AS is a Danish software outsourcing company. It provides consultancy services in the field of software development and product testing. It creates software solutions and electronic equipment products. Its business units involve Electronic Equipment Services and Software Engineering Services. The company earns the majority of its revenue from Software Engineering services.

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