Optare Solutions (XMAD:OPTS) ROCE % : 22.43% (As of Dec. 2023)

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What is Optare Solutions 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. Optare Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.43%.

Optare Solutions ROCE % Historical Data

The historical data trend for Optare Solutions'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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Optare Solutions ROCE % Chart

Optare Solutions Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

22.70

19.85

22.43

Optare Solutions Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	22.70	19.85	22.43

Optare Solutions ROCE % Calculation

Optare Solutions'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 )
	=	1.448	/	( ( (8.223 - 2.077)	+	(9.057 - 2.293) )	/ 2 )
	=	1.448	/	( (6.146	+	6.764)	/ 2 )
	=	1.448	/	6.455
	=	22.43 %

Optare Solutions's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	1.448	/	( ( (8.223 - 2.077)	+	(9.057 - 2.293) )	/ 2 )
	=	1.448	/	( ( 6.146	+	6.764 )	/ 2 )
	=	1.448	/	6.455
	=	22.43 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Optare Solutions (XMAD:OPTS) 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.

Optare Solutions ROCE % Related Terms

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Optare Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Optare Solutions SA (XMAD:OPTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parque tecnologico de Vigo Calle C nave C7, Vigo, ESP, 36315

Website

https://www.optaresolutions.com

Optare Solutions SA is an information technology consultancy specializing in providing services to the telecommunications sector. The group operates in Development and Implementation, Consulting and Architecture, and Maintenance and Operation.

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