Observe Medical ASA (OSL:OBSRV) ROCE % : -44.36% (As of Jun. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Observe Medical 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. Observe Medical ASA's annualized ROCE % for the quarter that ended in Jun. 2023 was -44.36%.

Observe Medical ASA ROCE % Historical Data

The historical data trend for Observe Medical 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.

* Premium members only.

Observe Medical ASA ROCE % Chart

Observe Medical ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-38.42

-52.73

-59.53

-65.59

-31.94

Observe Medical ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.41	-54.61	-37.49	-44.36	-

Observe Medical ASA ROCE % Calculation

Observe Medical 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 )
	=	-53.696	/	( ( (215.812 - 72.23)	+	(253.537 - 60.883) )	/ 2 )
	=	-53.696	/	( (143.582	+	192.654)	/ 2 )
	=	-53.696	/	168.118
	=	-31.94 %

Observe Medical ASA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-54.812	/	( ( (215.423 - 82.224)	+	(203.73 - 89.822) )	/ 2 )
	=	-54.812	/	( ( 133.199	+	113.908 )	/ 2 )
	=	-54.812	/	123.5535
	=	-44.36 %

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

Observe Medical ASA (OSL:OBSRV) 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.

Observe Medical ASA ROCE % Related Terms

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

Observe Medical ASA (OSL:OBSRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Observe Medical ASA (OSL:OBSRV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OM5A:Germany

Address

Dronning Eufemias gate 16, Oslo, NOR, 0191

Website

https://www.observemedical.com

Observe Medical ASA through its subsidiaries develops medical technology products that benefit patients and healthcare professionals. It has developed the product Sippi which is an automatic and digital urine meter and the technology Sippcoat which prevents bacterial migration in closed collection systems.

Observe Medical ASA (OSL:OBSRV) Headlines

No Headlines