Sirma Group Holding JSC (XBUL:SGH) ROCE % : 1.21% (As of Sep. 2023)

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What is Sirma Group Holding JSC 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. Sirma Group Holding JSC's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.21%.

Sirma Group Holding JSC ROCE % Historical Data

The historical data trend for Sirma Group Holding JSC'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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Sirma Group Holding JSC ROCE % Chart

Sirma Group Holding JSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.58

5.61

4.82

5.39

-9.50

Sirma Group Holding JSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-30.72	-20.42	2.48	1.67	1.21

Sirma Group Holding JSC ROCE % Calculation

Sirma Group Holding JSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-10.873	/	( ( (164.499 - 35.699)	+	(122.338 - 22.235) )	/ 2 )
	=	-10.873	/	( (128.8	+	100.103)	/ 2 )
	=	-10.873	/	114.4515
	=	-9.50 %

Sirma Group Holding JSC's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1.028	/	( ( (104.355 - 18.765)	+	(100.096 - 15.228) )	/ 2 )
	=	1.028	/	( ( 85.59	+	84.868 )	/ 2 )
	=	1.028	/	85.229
	=	1.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Sirma Group Holding JSC (XBUL:SGH) 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.

Sirma Group Holding JSC ROCE % Related Terms

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Sirma Group Holding JSC (XBUL:SGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sirma Group Holding JSC (XBUL:SGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Tsarigradsko Shosse, Area Mladost, Sofia, BGR, 1784

Website

https://www.sirma.com

Sirma Group Holding JSC specializes in information technologies and software development, system integration and software implementation. The company develops semantic platforms and solutions, cognitive software business solutions, industrial applications, mobile platforms and applications, ERP software, solutions and services for the financial industry, payment services, e-government platform and services.