Serstech AB (OSTO:SERT) ROCE % : -68.99% (As of Sep. 2024)

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What is Serstech 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. Serstech AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -68.99%.

Serstech AB ROCE % Historical Data

The historical data trend for Serstech 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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Serstech AB ROCE % Chart

Serstech AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.12

-13.39

-19.93

-67.26

2.60

Serstech 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															-15.84	-54.89	-6.15	31.99	-68.99

Serstech AB ROCE % Calculation

Serstech 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 )
	=	1.036	/	( ( (52.545 - 21.713)	+	(59.71 - 10.936) )	/ 2 )
	=	1.036	/	( (30.832	+	48.774)	/ 2 )
	=	1.036	/	39.803
	=	2.60 %

Serstech 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 )
	=	-33.092	/	( ( (63.181 - 10.956)	+	(51.262 - 7.557) )	/ 2 )
	=	-33.092	/	( ( 52.225	+	43.705 )	/ 2 )
	=	-33.092	/	47.965
	=	-68.99 %

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

Serstech AB (OSTO:SERT) 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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Serstech AB Business Description

Industry

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284:Germany

Address

Aldermansgatan 13, Lund, SWE, SE-227 64

Website

https://www.serstech.com

Serstech AB is engaged in chemical related products which help in the measurement and identification of chemicals. It offers Handheld Raman Spectrometer; Chemdash, Management and Reporting Software and Validated Data-Enriched and Complete Libraries. The company's solutions are used in the pharmaceutical production industry.

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