Rovsing AS (STU:RVY) ROCE % : 9.86% (As of Jun. 2024)

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What is Rovsing 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. Rovsing AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.86%.

Rovsing AS ROCE % Historical Data

The historical data trend for Rovsing 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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Rovsing AS ROCE % Chart

Rovsing AS Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-31.21

-19.65

-5.23

-8.53

6.63

Rovsing AS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-6.07	-6.21	-12.38	5.01	9.86

Rovsing AS ROCE % Calculation

Rovsing AS's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	0.111	/	( ( (4.458 - 3.169)	+	(4.735 - 2.674) )	/ 2 )
	=	0.111	/	( (1.289	+	2.061)	/ 2 )
	=	0.111	/	1.675
	=	6.63 %

Rovsing 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 )
	=	0.16	/	( ( (4.222 - 3.038)	+	(4.735 - 2.674) )	/ 2 )
	=	0.16	/	( ( 1.184	+	2.061 )	/ 2 )
	=	0.16	/	1.6225
	=	9.86 %

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

Rovsing AS (STU:RVY) 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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Rovsing AS Business Description

Industry

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ROV:Denmark

Address

Ejby Industrivej 34-38, Glostrup, DNK, 2600

Website

https://www.rovsing.dk

Rovsing A/S develops, manufactures and delivers systems for functional and electrical testing of spacecrafts and their payloads. The company's products and systems are used for testing of spacecraft sub-systems, including external communication connections and instruments. Its products are modular and are sold either on a stand-alone basis or used as modules in system solutions, customized for the specific spacecraft application. In connection with the configuration of system solutions, third parties' products are also used, and software is configured for the individual spacecraft needs.

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