ZetaDisplay AB (OSTO:ZETA PREF.PFD) ROCE % : 3.59% (As of Sep. 2021)

View and export this data going back to 2016. Start your Free Trial

What is ZetaDisplay 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. ZetaDisplay AB's annualized ROCE % for the quarter that ended in Sep. 2021 was 3.59%.

ZetaDisplay AB ROCE % Historical Data

The historical data trend for ZetaDisplay 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.

ZetaDisplay AB ROCE % Chart

ZetaDisplay AB Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

Get a 7-Day Free Trial

9.62

2.39

9.37

4.52

0.17

ZetaDisplay AB Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
ROCE %	Get a 7-Day Free Trial															7.25	-6.36	5.53	0.72	3.59

ZetaDisplay AB ROCE % Calculation

ZetaDisplay AB's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	0.954	/	( ( (773.339 - 176.792)	+	(685.125 - 126.559) )	/ 2 )
	=	0.954	/	( (596.547	+	558.566)	/ 2 )
	=	0.954	/	577.5565
	=	0.17 %

ZetaDisplay AB's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	20.896	/	( ( (739.857 - 165.239)	+	(737.153 - 148.399) )	/ 2 )
	=	20.896	/	( ( 574.618	+	588.754 )	/ 2 )
	=	20.896	/	581.686
	=	3.59 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

ZetaDisplay AB (OSTO:ZETA PREF.PFD) 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.

ZetaDisplay AB ROCE % Related Terms

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

ZetaDisplay AB (OSTO:ZETA PREF.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ZetaDisplay AB (OSTO:ZETA PREF.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Höjdrodergatan 21, Malmö, SWE, 212 39

Website

http://www.zetadisplay.com

ZetaDisplay AB is a full-service digital signage provider. It offers its systems to retail stores and other public environments, such as shopping centers, hotels, and airports. It provides hardware, and promotional content that is shown on the displays. The company operates in in Sweden, Denmark, Norway, Finland, the Baltic States and Holland.

ZetaDisplay AB (OSTO:ZETA PREF.PFD) Headlines

No Headlines