Scandinavian Enviro Systems AB (OSTO:SES) ROCE % : 35.29% (As of Mar. 2024)

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What is Scandinavian Enviro Systems 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. Scandinavian Enviro Systems AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 35.29%.

Scandinavian Enviro Systems AB ROCE % Historical Data

The historical data trend for Scandinavian Enviro Systems 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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Scandinavian Enviro Systems AB ROCE % Chart

Scandinavian Enviro Systems AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-26.97

-32.48

-30.71

-44.26

-36.31

Scandinavian Enviro Systems AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-69.75	-37.52	-18.81	-26.79	35.29

Scandinavian Enviro Systems AB ROCE % Calculation

Scandinavian Enviro Systems 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 )
	=	-88.412	/	( ( (170.846 - 22.063)	+	(381.396 - 43.212) )	/ 2 )
	=	-88.412	/	( (148.783	+	338.184)	/ 2 )
	=	-88.412	/	243.4835
	=	-36.31 %

Scandinavian Enviro Systems AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	124.728	/	( ( (381.396 - 43.212)	+	(457.053 - 88.27) )	/ 2 )
	=	124.728	/	( ( 338.184	+	368.783 )	/ 2 )
	=	124.728	/	353.4835
	=	35.29 %

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

Scandinavian Enviro Systems AB (OSTO:SES) 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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Scandinavian Enviro Systems AB (OSTO:SES) Business Description

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1HR:Germany

Address

Regnbagsgatan 8C, Goteborg, SWE, 417 55

Website

http://www.envirosystems.se

Scandinavian Enviro Systems AB functions as a recycling company in Sweden. Its technology enables changing the chemical composition and the physical phase of the tire material during the process. The company operates Modular Recycling Facilities for recovering carbon black, oil, steel and gas from waste tires.