Solar Foods Oyj (OHEL:SFOODS) ROCE % : -17.52% (As of Dec. 2023)

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What is Solar Foods 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. Solar Foods Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.52%.

Solar Foods Oyj ROCE % Historical Data

The historical data trend for Solar Foods 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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Solar Foods Oyj ROCE % Chart

Solar Foods Oyj Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-6.44

-10.01

-17.52

Solar Foods Oyj Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-6.44	-10.01	-17.52

Solar Foods Oyj ROCE % Calculation

Solar Foods 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 )
	=	-6.793	/	( ( (34.326 - 0.809)	+	(53.365 - 9.341) )	/ 2 )
	=	-6.793	/	( (33.517	+	44.024)	/ 2 )
	=	-6.793	/	38.7705
	=	-17.52 %

Solar Foods Oyj's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-6.793	/	( ( (34.326 - 0.809)	+	(53.365 - 9.341) )	/ 2 )
	=	-6.793	/	( ( 33.517	+	44.024 )	/ 2 )
	=	-6.793	/	38.7705
	=	-17.52 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Solar Foods Oyj (OHEL:SFOODS) 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.

Solar Foods Oyj ROCE % Related Terms

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Solar Foods Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Foods Oyj (OHEL:SFOODS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

H4N:Germany

Address

Bull run 11, Vantaa, FIN, 01730

Website

https://www.solarfoods.com

Solar Foods Oyj is a technology company that aims to commercialize food raw materials that nutritionally replace animal-based food and the patented technology platform used to produce them, hydrogen fermentation. Its first commercialized product is Solein, Solein is a protein-rich powder based on a single-celled microbe that occurs in nature. Solar Foods produces Solein as a food protein.

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