SaltX Technology Holding AB (OSTO:SALT B) ROCE % : 12.96% (As of Jun. 2024)

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What is SaltX Technology Holding 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. SaltX Technology Holding AB's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.96%.

SaltX Technology Holding AB ROCE % Historical Data

The historical data trend for SaltX Technology Holding 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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SaltX Technology Holding AB ROCE % Chart

SaltX Technology Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-50.68

-23.56

-27.48

-38.93

-28.78

SaltX Technology Holding AB Quarterly Data
	Sep19	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															-36.85	-21.03	-35.89	-56.77	12.96

SaltX Technology Holding AB ROCE % Calculation

SaltX Technology Holding 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 )
	=	-46.207	/	( ( (167.237 - 12.297)	+	(200.787 - 34.65) )	/ 2 )
	=	-46.207	/	( (154.94	+	166.137)	/ 2 )
	=	-46.207	/	160.5385
	=	-28.78 %

SaltX Technology Holding 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 )
	=	19.648	/	( ( (170.887 - 27.915)	+	(187.538 - 27.385) )	/ 2 )
	=	19.648	/	( ( 142.972	+	160.153 )	/ 2 )
	=	19.648	/	151.5625
	=	12.96 %

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

SaltX Technology Holding AB (OSTO:SALT 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.

SaltX Technology Holding AB ROCE % Related Terms

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SaltX Technology Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SaltX Technology Holding AB (OSTO:SALT B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0G6W:UK 7X9:Germany

Address

Vastertorpsvagen 135, Hagersten, SWE, SE - 129 44

Website

http://www.saltxtechnology.com

SaltX Technology Holding AB engages in the development and sale of patented energy storage technology that can be stored in salt. It develops a technology that stores energy in salt crystals and converts it into heating and cooling.

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