EAM Solar ASA (OSL:EAM) ROCE % : -18.04% (As of Dec. 2023)

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What is EAM Solar ASA 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. EAM Solar ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.04%.

EAM Solar ASA ROCE % Historical Data

The historical data trend for EAM Solar ASA'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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EAM Solar ASA ROCE % Chart

EAM Solar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.53

0.84

-26.30

-19.29

-10.09

EAM Solar ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-92.11	29.81	-17.62	-6.15	-18.04

EAM Solar ASA ROCE % Calculation

EAM Solar ASA'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 )
	=	-7.869	/	( ( (111.559 - 24.125)	+	(97.245 - 28.646) )	/ 2 )
	=	-7.869	/	( (87.434	+	68.599)	/ 2 )
	=	-7.869	/	78.0165
	=	-10.09 %

EAM Solar ASA'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-12.884	/	( ( (99.029 - 24.792)	+	(97.245 - 28.646) )	/ 2 )
	=	-12.884	/	( ( 74.237	+	68.599 )	/ 2 )
	=	-12.884	/	71.418
	=	-18.04 %

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

EAM Solar ASA (OSL:EAM) 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.

EAM Solar ASA ROCE % Related Terms

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EAM Solar ASA (OSL:EAM) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EAM Solar ASA (OSL:EAM) » Definitions » ROCE %

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EA2:Germany

Address

Bryggetorget 7, Oslo, NOR, 0250

Website

https://www.eamsolar.no

EAM Solar ASA is an Investment company that acquires and operates solar power plants for long-term ownership. The company is mainly active in Italy and operates four solar power plants which generate electricity. The solar power plants operated by the company are Lorusso, Brundesini, Scardino, and ENFO 25.

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