Snaige AB (OVSE:SNG1L) ROCE % : -24.23% (As of Jun. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Snaige 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. Snaige AB's annualized ROCE % for the quarter that ended in Jun. 2024 was -24.23%.

Snaige AB ROCE % Historical Data

The historical data trend for Snaige 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.

Snaige AB ROCE % Chart

Snaige AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

0.42

-13.71

5.05

-9.70

-32.42

Snaige AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-30.14	-11.78	-5.73	-24.37	-24.23

Snaige AB ROCE % Calculation

Snaige AB'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 )
	=	-5.234	/	( ( (26.303 - 12.367)	+	(20.237 - 1.888) )	/ 2 )
	=	-5.234	/	( (13.936	+	18.349)	/ 2 )
	=	-5.234	/	16.1425
	=	-32.42 %

Snaige 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 )
	=	-3.308	/	( ( (15.495 - 1.424)	+	(14.866 - 1.631) )	/ 2 )
	=	-3.308	/	( ( 14.071	+	13.235 )	/ 2 )
	=	-3.308	/	13.653
	=	-24.23 %

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

Snaige AB (OVSE:SNG1L) 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.

Snaige AB ROCE % Related Terms

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

Snaige AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Snaige AB (OVSE:SNG1L) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Pramones Street 6, Alytus, LTU, LT-62175

Website

https://www.snaige.lt

Snaige AB is engaged in production of refrigerators, freezers and metal products. It makes majority sales from refrigerators and related equipment. The product range of the company includes freezer bottom, freezer top, refrigerators, freezers, vertical coolers, glass door refrigerators, and other related products. The company divides its sales markets into the following main groups by importance of sales markets and geographic distribution: Baltic market (Lithuania, Latvia and Estonia), Eastern market (Ukraine, Moldova, Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan), European market (Germany, Italy, Poland, France, Belgium, the Netherlands, Portugal, the Czech Republic, Norway, other countries of Western and Central Europe).

Snaige AB Headlines

No Headlines