Coala-Life Group AB (OSTO:COALA) ROCE % : -252.03% (As of Sep. 2023)

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What is Coala-Life Group 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. Coala-Life Group AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -252.03%.

Coala-Life Group AB ROCE % Historical Data

The historical data trend for Coala-Life Group 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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Coala-Life Group AB ROCE % Chart

Coala-Life Group AB Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

ROCE %

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8.89

8.56

-14.73

-38.49

-26.09

Coala-Life Group AB Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-107.89	-285.48	-212.30	-174.79	-252.03

Coala-Life Group AB ROCE % Calculation

Coala-Life Group AB's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Aug. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Aug. 2020 )		(A: Dec. 2021 )
	=	-150.568	/	( ( (1735.732 - 634.708)	+	(80.17 - 26.995) )	/ 2 )
	=	-150.568	/	( (1101.024	+	53.175)	/ 2 )
	=	-150.568	/	577.0995
	=	-26.09 %

Coala-Life Group AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-124	/	( ( (103.2 - 51.2)	+	(105.8 - 59.4) )	/ 2 )
	=	-124	/	( ( 52	+	46.4 )	/ 2 )
	=	-124	/	49.2
	=	-252.03 %

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

Coala-Life Group AB (OSTO:COALA) 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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Coala-Life Group AB (OSTO:COALA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coala-Life Group AB (OSTO:COALA) » Definitions » ROCE %

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Address

Kalsangsgrand 10B, Uppsala, SWE, 753 19

Website

https://www.coalalife.com

Coala-Life Group AB is a Swedish medical technology and life science company focusing on heart diagnostics and digital health. The company has developed a cloud-based remote monitoring device to digitally diagnose heart and lung diseases and can be used prior to a procedure and help physicians identify potential surgical risks.

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