Omda AS (OSL:OMDA) ROCE % : -7.09% (As of Jun. 2024)

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What is Omda 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. Omda AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.09%.

Omda AS ROCE % Historical Data

The historical data trend for Omda 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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Omda AS ROCE % Chart

Omda AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.62

4.70

-10.14

-15.89

27.19

Omda 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															-11.67	177.76	12.81	0.87	-7.09

Omda AS ROCE % Calculation

Omda 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 )
	=	156.524	/	( ( (693.544 - 143.939)	+	(769.208 - 167.659) )	/ 2 )
	=	156.524	/	( (549.605	+	601.549)	/ 2 )
	=	156.524	/	575.577
	=	27.19 %

Omda 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 )
	=	-41.04	/	( ( (774.127 - 181.251)	+	(739.052 - 174.052) )	/ 2 )
	=	-41.04	/	( ( 592.876	+	565 )	/ 2 )
	=	-41.04	/	578.938
	=	-7.09 %

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

Omda AS (OSL:OMDA) 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.

Omda AS ROCE % Related Terms

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Omda AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Omda AS (OSL:OMDA) » Definitions » ROCE %

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6Q1:Germany

Address

Drammensveien 288, Oslo, NOR, 0283

Website

https://www.omda.com

Omda AS has built software tools exclusively for health and emergency professionals. Its Integration Engine and APIs enable its products to successfully merge with existing systems of all types and specifications.

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