Saunum Group AS (OTSE:SAUNA) ROCE % : -35.96% (As of Jun. 2023)

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What is Saunum Group AS 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. Saunum Group AS's annualized ROCE % for the quarter that ended in Jun. 2023 was -35.96%.

Saunum Group AS ROCE % Historical Data

The historical data trend for Saunum Group AS'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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Saunum Group AS ROCE % Chart

Saunum Group AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-43.09

-49.37

-37.82

-78.92

Saunum Group AS Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-	-	-80.83	-77.56	-35.96

Saunum Group AS ROCE % Calculation

Saunum Group AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.615	/	( ( (2.182 - 0.487)	+	(3.173 - 0.775) )	/ 2 )
	=	-1.615	/	( (1.695	+	2.398)	/ 2 )
	=	-1.615	/	2.0465
	=	-78.92 %

Saunum Group AS's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.99	/	( ( (3.173 - 0.775)	+	(3.787 - 0.679) )	/ 2 )
	=	-0.99	/	( ( 2.398	+	3.108 )	/ 2 )
	=	-0.99	/	2.753
	=	-35.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Saunum Group AS (OTSE:SAUNA) 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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Saunum Group AS (OTSE:SAUNA) Business Description

Industry

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Traded in Other Exchanges

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Address

Parnu mnt 478b, Harju county, Tallinn, EST, 10913

Website

https://www.saunum.com/et

Saunum Group AS is an Estonian company that develops and manufactures unique indoor sauna air conditioners and heaters with patented technology in the world. The main activity is the development, production, and so on of the mentioned devices. The company's products include Heaters, Air conditioners, Control devices, and salt balls.

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