FlexQube AB (OSTO:FLEXQ) ROCE % : -28.82% (As of Dec. 2023)

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What is FlexQube 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. FlexQube AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.82%.

FlexQube AB ROCE % Historical Data

The historical data trend for FlexQube 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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FlexQube AB ROCE % Chart

FlexQube AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.02

-33.69

-33.38

-8.16

-70.12

FlexQube AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-17.54	-75.38	-66.04	-139.70	-28.82

FlexQube AB ROCE % Calculation

FlexQube 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 )
	=	-57.658	/	( ( (153.701 - 78.477)	+	(171.419 - 82.188) )	/ 2 )
	=	-57.658	/	( (75.224	+	89.231)	/ 2 )
	=	-57.658	/	82.2275
	=	-70.12 %

FlexQube AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-27.7	/	( ( (207.912 - 104.888)	+	(171.419 - 82.188) )	/ 2 )
	=	-27.7	/	( ( 103.024	+	89.231 )	/ 2 )
	=	-27.7	/	96.1275
	=	-28.82 %

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

FlexQube AB (OSTO:FLEXQ) 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.

FlexQube AB ROCE % Related Terms

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FlexQube AB (OSTO:FLEXQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FlexQube AB (OSTO:FLEXQ) » Definitions » ROCE %

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A1Y:Germany

Address

Kungsgatan 28, Gothenburg, SWE, 41119

Website

https://www.flexqube.com

FlexQube AB develops and offers a flexible system of few standardized components that can be used to build industrial material handling applications like pallet carts, racks, kit carts, and fixtures. The products of the company include Tugger Carts, Mother-Daughter Solutions, Kit Carts, Rotating Carts and Carts with compartments.

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