BBS-Bioactive Bone Substitutes (OHEL:BONEH) ROCE % : -39.01% (As of Jun. 2024)

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What is BBS-Bioactive Bone Substitutes 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. BBS-Bioactive Bone Substitutes's annualized ROCE % for the quarter that ended in Jun. 2024 was -39.01%.

BBS-Bioactive Bone Substitutes ROCE % Historical Data

The historical data trend for BBS-Bioactive Bone Substitutes'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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BBS-Bioactive Bone Substitutes ROCE % Chart

BBS-Bioactive Bone Substitutes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.45

-25.91

-24.60

-32.95

-36.95

BBS-Bioactive Bone Substitutes Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												-30.89	-30.59	-35.82	-40.28	-39.01

BBS-Bioactive Bone Substitutes ROCE % Calculation

BBS-Bioactive Bone Substitutes'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 )
	=	-3.367	/	( ( (10.688 - 1.701)	+	(10.613 - 1.377) )	/ 2 )
	=	-3.367	/	( (8.987	+	9.236)	/ 2 )
	=	-3.367	/	9.1115
	=	-36.95 %

BBS-Bioactive Bone Substitutes'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 )
	=	-3.182	/	( ( (10.613 - 1.377)	+	(9.374 - 2.295) )	/ 2 )
	=	-3.182	/	( ( 9.236	+	7.079 )	/ 2 )
	=	-3.182	/	8.1575
	=	-39.01 %

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

BBS-Bioactive Bone Substitutes (OHEL:BONEH) 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.

BBS-Bioactive Bone Substitutes ROCE % Related Terms

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BBS-Bioactive Bone Substitutes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » BBS-Bioactive Bone Substitutes PLC (OHEL:BONEH) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Kiviharjunlenkki 6, Oulu, FIN, 90220

Website

https://www.bbs-artebone.fi

BBS-Bioactive Bone Substitutes PLC is a Finnish health technology company, that develops, designs and manufactures inventive bioactive bone-graft substitute implants. Its bioactive implants provide clinical and financial benefits for the treatment of patients with bone defects and healing problems.

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