Netmore Group AB (OSTO:NETM B) ROCE % : -114.41% (As of Sep. 2023)

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What is Netmore 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. Netmore Group AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -114.41%.

Netmore Group AB ROCE % Historical Data

The historical data trend for Netmore 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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Netmore Group AB ROCE % Chart

Netmore Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-118.97

-59.95

-91.67

-64.49

-61.64

Netmore Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-61.63	-88.53	12.07	-86.29	-114.41

Netmore Group AB ROCE % Calculation

Netmore Group AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-65.364	/	( ( (169.961 - 29.742)	+	(100.481 - 28.616) )	/ 2 )
	=	-65.364	/	( (140.219	+	71.865)	/ 2 )
	=	-65.364	/	106.042
	=	-61.64 %

Netmore 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 )
	=	-55.008	/	( ( (87.455 - 32.583)	+	(79.018 - 37.731) )	/ 2 )
	=	-55.008	/	( ( 54.872	+	41.287 )	/ 2 )
	=	-55.008	/	48.0795
	=	-114.41 %

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

Netmore Group AB (OSTO:NETM B) 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.

Netmore Group AB ROCE % Related Terms

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Netmore Group AB (OSTO:NETM B) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Netmore Group AB (OSTO:NETM B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Strandbergsgatan 61, Stockholm, SWE, 112 51

Website

https://www.netmore.se

Netmore Group AB provides wireless communication solutions. It offers communication solutions for property owners, businesses, industries and public organizations. The company's services include local area networks, mobile enhancement, antenna, system integration and others.

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