Tekna Holding ASA (STU:8VB) ROCE % : 5.23% (As of Dec. 2024)

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What is Tekna Holding 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. Tekna Holding ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.23%.

Tekna Holding ASA ROCE % Historical Data

The historical data trend for Tekna Holding 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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Tekna Holding ASA ROCE % Chart

Tekna Holding ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-10.20

-22.53

-31.89

-20.49

-12.55

Tekna Holding ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-27.67	-17.79	-18.19	-16.78	5.23

Tekna Holding ASA ROCE % Calculation

Tekna Holding ASA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-5.379	/	( ( (52.127 - 7.731)	+	(49.176 - 7.857) )	/ 2 )
	=	-5.379	/	( (44.396	+	41.319)	/ 2 )
	=	-5.379	/	42.8575
	=	-12.55 %

Tekna Holding ASA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	2.136	/	( ( (46.859 - 6.52)	+	(49.176 - 7.857) )	/ 2 )
	=	2.136	/	( ( 40.339	+	41.319 )	/ 2 )
	=	2.136	/	40.829
	=	5.23 %

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

Tekna Holding ASA (STU:8VB) 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.

Tekna Holding ASA ROCE % Related Terms

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Tekna Holding ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tekna Holding ASA (STU:8VB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TEKNA:Norway 8VB:Germany

Address

2935 Boul.Industriel, Sherbrooke, QC, CAN, J1L 2T9

Website

https://www.tekna.com

Tekna Holding ASA is a producer of micro and nano-sized materials. It develops, manufactures, and sells advanced micron and nanopowders as well as plasma process solutions. It has developed a unique and proprietary plasma technology platform for manufacturing micro and nano-sized powders for a range of industries. Its model relies on two revenue streams Development and sale of plasma systems and Development and sale of advanced powders. It has a geographic presence in North America, Europe, and Asia/the Rest of the world.

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