Everfuel AS (OSL:EFUEL) ROCE % : -19.00% (As of Jun. 2024)

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What is Everfuel AS 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. Everfuel AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -19.00%.

Everfuel AS ROCE % Historical Data

The historical data trend for Everfuel AS'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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Everfuel AS ROCE % Chart

Everfuel AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-53.29

-4.22

-11.61

-20.42

-40.38

Everfuel AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-22.72	-27.89	-57.33	-17.07	-19.00

Everfuel AS ROCE % Calculation

Everfuel AS'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 )
	=	-324.385	/	( ( (1075.047 - 313.651)	+	(1279.169 - 433.745) )	/ 2 )
	=	-324.385	/	( (761.396	+	845.424)	/ 2 )
	=	-324.385	/	803.41
	=	-40.38 %

Everfuel AS'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-150.648	/	( ( (1240.866 - 426.941)	+	(1158.884 - 387.274) )	/ 2 )
	=	-150.648	/	( ( 813.925	+	771.61 )	/ 2 )
	=	-150.648	/	792.7675
	=	-19.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Everfuel AS (OSL:EFUEL) 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.

Everfuel AS ROCE % Related Terms

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Everfuel AS Business Description

Industry

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0HR:Germany

Address

Ost Hogildvej 4A, Herning, DNK, 7400

Website

https://www.everfuel.com

Everfuel AS owns and operates green hydrogen infrastructure and partners with vehicle OEMs to connect the entire hydrogen value chain and provide hydrogen fuel to enterprise customers under long-term contracts. The company operates hydrogen production (electrolyzers), hydrogen distribution, and hydrogen stations, serving mobility customers and industrial stakeholders with hydrogen on competitive, commercial terms. It offers all-inclusive hydrogen fueling solutions to buses, trucks, and taxis and delivery to vans, trains, private cars, and marine, as well as for industry stakeholders working with alternative hydrogen-based green fuels and Power to X-products.

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