Netum Group Oyj (OHEL:NETUM) ROCE % : 6.55% (As of Jun. 2024)

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What is Netum Group Oyj 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. Netum Group Oyj's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.55%.

Netum Group Oyj ROCE % Historical Data

The historical data trend for Netum Group Oyj'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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Netum Group Oyj ROCE % Chart

Netum Group Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.97

24.50

16.50

5.41

-2.13

Netum Group Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						12.02	-1.35	-1.55	-3.17	6.55

Netum Group Oyj ROCE % Calculation

Netum Group Oyj'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 )
	=	-0.38	/	( ( (19.952 - 6.158)	+	(32.886 - 11.077) )	/ 2 )
	=	-0.38	/	( (13.794	+	21.809)	/ 2 )
	=	-0.38	/	17.8015
	=	-2.13 %

Netum Group Oyj'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 )
	=	1.386	/	( ( (32.886 - 11.077)	+	(31.532 - 11.003) )	/ 2 )
	=	1.386	/	( ( 21.809	+	20.529 )	/ 2 )
	=	1.386	/	21.169
	=	6.55 %

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

Netum Group Oyj (OHEL:NETUM) 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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Netum Group Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netum Group Oyj (OHEL:NETUM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

79J:Germany

Address

Yliopistonkatu 58 B, Tampere, FIN, 33100

Website

https://www.netum.fi

Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy to digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services and management consulting services. Geographically, the majority is from Finland.

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