Maven Wireless Sweden AB (OSTO:MAVEN) ROCE % : -15.81% (As of Sep. 2024)

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What is Maven Wireless Sweden 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. Maven Wireless Sweden AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -15.81%.

Maven Wireless Sweden AB ROCE % Historical Data

The historical data trend for Maven Wireless Sweden 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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Maven Wireless Sweden AB ROCE % Chart

Maven Wireless Sweden AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-21.80

-59.53

-21.07

-10.43

36.03

Maven Wireless Sweden 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															-6.44	47.96	26.75	2.90	-15.81

Maven Wireless Sweden AB ROCE % Calculation

Maven Wireless Sweden 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 )
	=	37.101	/	( ( (124.196 - 41.553)	+	(181.36 - 58.039) )	/ 2 )
	=	37.101	/	( (82.643	+	123.321)	/ 2 )
	=	37.101	/	102.982
	=	36.03 %

Maven Wireless Sweden 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 )
	=	-19.104	/	( ( (173.699 - 49.918)	+	(173.292 - 55.414) )	/ 2 )
	=	-19.104	/	( ( 123.781	+	117.878 )	/ 2 )
	=	-19.104	/	120.8295
	=	-15.81 %

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

Maven Wireless Sweden AB (OSTO:MAVEN) 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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Maven Wireless Sweden AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maven Wireless Sweden AB (OSTO:MAVEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Torshamnsgatan 39 A, Kista, Stockholm, SWE, 164 40

Website

https://www.mavenwireless.com

Maven Wireless Sweden AB provides solutions for wireless coverage in all parts of the world. It offers end-to-end digital solutions with outstanding performance. The company's products contribute to public safety by ensuring wireless coverage for critical services, and are used in tunnels, on trains, metros, stadiums, buildings and more.

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