OX2 AB (OSTO:OX2) ROCE % : -10.84% (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is OX2 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. OX2 AB's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.84%.

OX2 AB ROCE % Historical Data

The historical data trend for OX2 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.

* Premium members only.

OX2 AB ROCE % Chart

OX2 AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

54.32

55.46

25.31

39.60

27.47

OX2 AB Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															33.89	43.73	16.58	-3.49	-10.84

OX2 AB ROCE % Calculation

OX2 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 )
	=	1138	/	( ( (6365 - 2772)	+	(7790 - 3098) )	/ 2 )
	=	1138	/	( (3593	+	4692)	/ 2 )
	=	1138	/	4142.5
	=	27.47 %

OX2 AB's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-500	/	( ( (7887 - 3174)	+	(7653 - 3139) )	/ 2 )
	=	-500	/	( ( 4713	+	4514 )	/ 2 )
	=	-500	/	4613.5
	=	-10.84 %

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

OX2 AB (OSTO:OX2) 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.

OX2 AB ROCE % Related Terms

Thank you for viewing the detailed overview of OX2 AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

OX2 AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » OX2 AB (OSTO:OX2) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Lilla Nygatan 1, Box 2299, Stockholm, SWE, 103 17

Website

https://www.ox2.com

OX2 AB develops and sells wind and solar farms. It has operations in Sweden, Finland, Poland, France, Lithuania, Norway, Spain, Italy, Estonia, and Romania.

OX2 AB Headlines

No Headlines