Circle Energy Sweden AB (OSTO:CIRCLE B) ROCE % : -129.79% (As of Jun. 2024)

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What is Circle Energy Sweden 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. Circle Energy Sweden AB's annualized ROCE % for the quarter that ended in Jun. 2024 was -129.79%.

Circle Energy Sweden AB ROCE % Historical Data

The historical data trend for Circle Energy Sweden 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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Circle Energy Sweden AB ROCE % Chart

Circle Energy Sweden AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-76.35

-71.59

-137.52

-32.04

Circle Energy Sweden AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial											-30.02	-19.54	-37.98	-27.18	-129.79

Circle Energy Sweden AB ROCE % Calculation

Circle Energy Sweden 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 )
	=	-12.276	/	( ( (54.937 - 25.101)	+	(61.099 - 14.298) )	/ 2 )
	=	-12.276	/	( (29.836	+	46.801)	/ 2 )
	=	-12.276	/	38.3185
	=	-32.04 %

Circle Energy Sweden 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 )
	=	-56.86	/	( ( (55.049 - 11.524)	+	(45.632 - 1.536) )	/ 2 )
	=	-56.86	/	( ( 43.525	+	44.096 )	/ 2 )
	=	-56.86	/	43.8105
	=	-129.79 %

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

Circle Energy Sweden AB (OSTO:CIRCLE 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.

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Circle Energy Sweden AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Circle Energy Sweden AB (OSTO:CIRCLE B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

X92:Germany

Address

Skeppargatan 8, Box 5209, Stockholm, SWE, 102 45

Website

https://www.circleenergy.se

Circle Energy Sweden AB is an energy company for green energy production. The company establishes facilities for the production of renewable energy. The company has expanded its business to include solar energy, battery storage, and bio-oil. The company aims to establish long-term, sustainable and cost-effective energy solutions that pave the way for a stable energy system in Europe.

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