BIMobject AB (OSTO:BIM) ROCE % : -1.48% (As of Sep. 2024)

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What is BIMobject AB 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. BIMobject AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.48%.

BIMobject AB ROCE % Historical Data

The historical data trend for BIMobject AB'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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BIMobject AB ROCE % Chart

BIMobject AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-59.72

-30.91

-24.42

-24.08

-10.20

BIMobject AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.16	-1.42	-18.73	-13.97	-1.48

BIMobject AB ROCE % Calculation

BIMobject AB'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 )
	=	-23.663	/	( ( (341.514 - 93.329)	+	(306.158 - 90.511) )	/ 2 )
	=	-23.663	/	( (248.185	+	215.647)	/ 2 )
	=	-23.663	/	231.916
	=	-10.20 %

BIMobject AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-3.048	/	( ( (309.746 - 104.379)	+	(296.298 - 88.572) )	/ 2 )
	=	-3.048	/	( ( 205.367	+	207.726 )	/ 2 )
	=	-3.048	/	206.5465
	=	-1.48 %

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

BIMobject AB (OSTO:BIM) 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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BIMobject AB Business Description

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BOJB:Germany

Address

STUDIO, Nordenskioldsgatan 24, Malmo, SWE, 211 19

Website

https://www.bimobject.com

BIMobject AB is a provider digital content management system for BIM objects. The company's solutions help manufacturers to develop, host, maintain, syndicate and publicise digital replicas of manufactured products - BIM objects. Its products include BIMobject API, BIMobject EVO, Object Creation & Process, BIMsupply, BIMobject Marketing Campaign, BIMscript, BIMobject Mosquito and BIMobject Cloud, among others.

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