Eolus Vind AB (STU:7EVB) ROCE % : -18.34% (As of Sep. 2024)

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What is Eolus Vind 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. Eolus Vind AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -18.34%.

Eolus Vind AB ROCE % Historical Data

The historical data trend for Eolus Vind 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.

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Eolus Vind AB ROCE % Chart

Eolus Vind AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Dec22

Dec23

ROCE %

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12.93

19.33

-1.75

8.87

42.12

Eolus Vind AB Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															30.47	16.48	-4.80	-4.56	-18.34

Eolus Vind AB ROCE % Calculation

Eolus Vind AB'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 )
	=	67.674	/	( ( (174.555 - 51.575)	+	(251.027 - 52.655) )	/ 2 )
	=	67.674	/	( (122.98	+	198.372)	/ 2 )
	=	67.674	/	160.676
	=	42.12 %

Eolus Vind AB'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 )
	=	-33.12	/	( ( (300.926 - 112.061)	+	(351.363 - 178.984) )	/ 2 )
	=	-33.12	/	( ( 188.865	+	172.379 )	/ 2 )
	=	-33.12	/	180.622
	=	-18.34 %

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

Eolus Vind AB (STU:7EVB) 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.

Eolus Vind AB ROCE % Related Terms

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Eolus Vind AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Eolus Vind AB (STU:7EVB) » Definitions » ROCE %

Traded in Other Exchanges

EOLU B:Sweden 0R8F:UK

Address

Tredje Avenyen 3, Box 95, Hassleholm, SWE, 281 21

Website

https://www.eolusvind.com

Eolus Vind AB is a wind power contractor in Sweden. The company is engaged in the development and construction of wind turbines for divestment or proprietary management. It is also engaged in project development activity which includes pre-study, project development, establishment, and sale of wind power facilities. Its project portfolio includes onshore wind, offshore wind, solar power, storage, and sea-based wind. The majority of its revenue comes from the project planning segment.

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