Skandia GreenPower AS (STU:0RQ) ROCE % : 10.73% (As of Jun. 2024)

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What is Skandia GreenPower 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. Skandia GreenPower AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.73%.

Skandia GreenPower AS ROCE % Historical Data

The historical data trend for Skandia GreenPower 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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Skandia GreenPower AS ROCE % Chart

Skandia GreenPower AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.32

-11.34

-26.54

-129.42

-68.37

Skandia GreenPower AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial							-26.49	-231.61	-228.65	64.89	10.73

Skandia GreenPower AS ROCE % Calculation

Skandia GreenPower AS'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 )
	=	-1.231	/	( ( (24.8 - 22.953)	+	(13.057 - 11.303) )	/ 2 )
	=	-1.231	/	( (1.847	+	1.754)	/ 2 )
	=	-1.231	/	1.8005
	=	-68.37 %

Skandia GreenPower AS'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0.52	/	( ( (13.057 - 11.303)	+	(13.734 - 5.799) )	/ 2 )
	=	0.52	/	( ( 1.754	+	7.935 )	/ 2 )
	=	0.52	/	4.8445
	=	10.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Skandia GreenPower AS (STU:0RQ) 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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Skandia GreenPower AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Skandia GreenPower AS (STU:0RQ) » Definitions » ROCE %

Comparable Companies

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SKAND:Norway

Address

Henrik Wergelands Gate 29, Kristiansand, NOR, 4612

Website

https://www.skandiaenergi.no

Skandia GreenPower AS is a provider of electricity in the private retail market. It also offers end-to-end solar cell solutions for roofs. The company generates the majority of its revenue from the domestic market.

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