Condo Nordic Holding AB (XSAT:CONDO) ROCE % : -12.76% (As of Sep. 2024)

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What is Condo Nordic Holding 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. Condo Nordic Holding AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.76%.

Condo Nordic Holding AB ROCE % Historical Data

The historical data trend for Condo Nordic Holding 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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Condo Nordic Holding AB ROCE % Chart

Condo Nordic Holding AB Annual Data

Trend

Dec23

ROCE %

-882.66

Condo Nordic Holding AB Quarterly Data
	Sep23	Dec23	Mar24	Sep24
ROCE %	-	-6,759.14	-227.27	-12.76

Condo Nordic Holding AB ROCE % Calculation

Condo Nordic Holding 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: . 20 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: . 20 )		(A: Dec. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Condo Nordic Holding 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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-3.416	/	( ( (12.192 - 7.509)	+	(61.944 - 13.096) )	/ 2 )
	=	-3.416	/	( ( 4.683	+	48.848 )	/ 2 )
	=	-3.416	/	26.7655
	=	-12.76 %

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

Condo Nordic Holding AB (XSAT:CONDO) 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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Condo Nordic Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Condo Nordic Holding AB (XSAT:CONDO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Aalto Capital, Riddargatan 17, Stockholm, SWE, 114 57

Website

https://www.condoholding.com

Condo Nordic Holding AB offers accommodation solutions and furnished apartments. The company offers an easy and comfortable living experience with different amenities and services to meet consumer needs. The accommodation solutions provided by the company are fully furnished and equipped with all necessary facilities, including bedding, kitchen appliances, Wi-Fi, and laundry services.

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