Soiltech ASA (STU:6YA) ROCE % : -7.29% (As of Sep. 2024)

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What is Soiltech ASA 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. Soiltech ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.29%.

Soiltech ASA ROCE % Historical Data

The historical data trend for Soiltech ASA'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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Soiltech ASA ROCE % Chart

Soiltech ASA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

11.81

15.48

Soiltech ASA Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			16.15	-	23.38	8.31	-7.29

Soiltech ASA ROCE % Calculation

Soiltech ASA'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 )
	=	3.48	/	( ( (25.78 - 5.344)	+	(30.483 - 5.971) )	/ 2 )
	=	3.48	/	( (20.436	+	24.512)	/ 2 )
	=	3.48	/	22.474
	=	15.48 %

Soiltech ASA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-2.124	/	( ( (36.048 - 6.95)	+	(34.634 - 5.457) )	/ 2 )
	=	-2.124	/	( ( 29.098	+	29.177 )	/ 2 )
	=	-2.124	/	29.1375
	=	-7.29 %

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

Soiltech ASA (STU:6YA) 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.

Soiltech ASA ROCE % Related Terms

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Soiltech ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Soiltech ASA (STU:6YA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STECH:Norway

Address

Koppholen 25, Sandnes, NOR, 4313

Website

https://www.soiltech.no

Soiltech ASA is specializing in the treatment, recycling, and responsible handling of contaminated water and solid industrial waste streams at the site. Its services are Slop treatment, Water treatment, Cutting handling, Cutting treatment, Swarf treatment, Cleaning services, and Other services.

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