Modulight (OHEL:MODU) ROCE % : -4.40% (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Modulight 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. Modulight's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.40%.

Modulight ROCE % Historical Data

The historical data trend for Modulight'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.

* Premium members only.

Modulight ROCE % Chart

Modulight Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

37.66

-9.96

-10.62

-17.41

-11.29

Modulight Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											-32.35	-12.53	-13.32	-14.20	-4.40

Modulight ROCE % Calculation

Modulight'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 )
	=	-6.341	/	( ( (63.962 - 3.692)	+	(56.296 - 4.223) )	/ 2 )
	=	-6.341	/	( (60.27	+	52.073)	/ 2 )
	=	-6.341	/	56.1715
	=	-11.29 %

Modulight'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 )
	=	-2.308	/	( ( (57.377 - 4.441)	+	(56.296 - 4.223) )	/ 2 )
	=	-2.308	/	( ( 52.936	+	52.073 )	/ 2 )
	=	-2.308	/	52.5045
	=	-4.40 %

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

Modulight (OHEL:MODU) 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.

Modulight ROCE % Related Terms

Thank you for viewing the detailed overview of Modulight's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Modulight Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Modulight Corp (OHEL:MODU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

78W:Germany

Address

Hermiankatu 22, Tampere, FIN, 33720

Website

https://www.modulight.com

Modulight Corp is a biomedical company that designs and manufactures laser devices for the treatment of cancer and eye diseases and for genetics. The company also manufactures products for other high value-add applications such as quantum computing.

Modulight Headlines

No Headlines