Techstep ASA (OSL:TECH) ROCE % : 1.02% (As of Dec. 2024)

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What is Techstep 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. Techstep ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.02%.

Techstep ASA ROCE % Historical Data

The historical data trend for Techstep 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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Techstep ASA ROCE % Chart

Techstep ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-1.52

-14.95

-7.01

-3.52

-3.86

Techstep ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-3.84	-7.97	-9.09	-1.10	1.02

Techstep ASA ROCE % Calculation

Techstep ASA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-29.072	/	( ( (1270.799 - 513.179)	+	(1178.795 - 430.069) )	/ 2 )
	=	-29.072	/	( (757.62	+	748.726)	/ 2 )
	=	-29.072	/	753.173
	=	-3.86 %

Techstep ASA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	7.484	/	( ( (1135.278 - 415.682)	+	(1178.795 - 430.069) )	/ 2 )
	=	7.484	/	( ( 719.596	+	748.726 )	/ 2 )
	=	7.484	/	734.161
	=	1.02 %

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

Techstep ASA (OSL:TECH) 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.

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Techstep ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Techstep ASA (OSL:TECH) » Definitions » ROCE %

Comparable Companies

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B1T0:Germany

Address

Brynsalleen 4, Oslo, NOR, 0667

Website

https://www.techstep.io

Techstep ASA provides mobility and communications services in Norway and Sweden. It operates through two segments, which are represented by the geographic locations: Norway and Sweden. The offerings of the company are mobile hardware, service, support and mobility consultancy services, industry- leading cloud-based (UCaaS) PBX solutions, and Enterprise Mobility Management (EMM) services, including Mobile Security, system design, implementation, mobile device management.