Spinnova Oyj (OHEL:SPINN) ROCE % : -18.43% (As of Dec. 2024)

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What is Spinnova 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. Spinnova Oyj's annualized ROCE % for the quarter that ended in Dec. 2024 was -18.43%.

Spinnova Oyj ROCE % Historical Data

The historical data trend for Spinnova 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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Spinnova Oyj ROCE % Chart

Spinnova Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-34.78

-23.21

-12.96

-18.82

-19.23

Spinnova Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial							-16.46	-19.42	-17.88	-19.97	-18.43

Spinnova Oyj ROCE % Calculation

Spinnova Oyj'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 )
	=	-16.372	/	( ( (98.614 - 5.577)	+	(83.293 - 6.076) )	/ 2 )
	=	-16.372	/	( (93.037	+	77.217)	/ 2 )
	=	-16.372	/	85.127
	=	-19.23 %

Spinnova Oyj'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: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-14.954	/	( ( (89.889 - 4.854)	+	(83.293 - 6.076) )	/ 2 )
	=	-14.954	/	( ( 85.035	+	77.217 )	/ 2 )
	=	-14.954	/	81.126
	=	-18.43 %

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

Spinnova Oyj (OHEL:SPINN) 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.

Spinnova Oyj ROCE % Related Terms

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Spinnova Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spinnova Oyj (OHEL:SPINN) » Definitions » ROCE %

Traded in Other Exchanges

9HP:Germany

Address

Palokarjentie 2-4, Jyvaskyla, FIN, 40320

Website

https://www.spinnova.com

Spinnova Oyj is engaged in the provision of technology deliveries and services for sustainable textile production. The company has developed a technology for making textile fiber from wood or waste, such as leather, textile, or agricultural waste, without harmful chemicals.

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