Solid Clouds hf (OISE:SOLID) ROCE % : -12.56% (As of Dec. 2023)

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

What is Solid Clouds hf 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. Solid Clouds hf's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.56%.

Solid Clouds hf ROCE % Historical Data

The historical data trend for Solid Clouds hf'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.

Solid Clouds hf ROCE % Chart

Solid Clouds hf Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-7.71

-3.67

-6.31

-7.19

-11.27

Solid Clouds hf Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-4.49	-5.26	-9.19	-10.10	-12.56

Solid Clouds hf ROCE % Calculation

Solid Clouds hf'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 )
	=	-137.272	/	( ( (1298.195 - 37.117)	+	(1217.693 - 42.566) )	/ 2 )
	=	-137.272	/	( (1261.078	+	1175.127)	/ 2 )
	=	-137.272	/	1218.1025
	=	-11.27 %

Solid Clouds hf'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-149.768	/	( ( (1249.955 - 40.904)	+	(1217.693 - 42.566) )	/ 2 )
	=	-149.768	/	( ( 1209.051	+	1175.127 )	/ 2 )
	=	-149.768	/	1192.089
	=	-12.56 %

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

Solid Clouds hf (OISE:SOLID) 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.

Solid Clouds hf ROCE % Related Terms

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

Solid Clouds hf (OISE:SOLID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Solid Clouds hf (OISE:SOLID) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eioistorg 17, Seltjarnarnes, ISL, 170

Website

https://www.solidclouds.com

Solid Clouds hf is engaged in information technology, software development, and the creation and marketing of computer games. It has a focus on creating a technology framework for the fast production of massively multiplayer online real-time games. Geographically group generates the majority of its revenue from the United States of America.

Solid Clouds hf (OISE:SOLID) Headlines

No Headlines