Enrad AB (XSAT:ENRAD) ROCE % : 14.99% (As of Jun. 2024)

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What is Enrad 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. Enrad AB's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.99%.

Enrad AB ROCE % Historical Data

The historical data trend for Enrad 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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Enrad AB ROCE % Chart

Enrad AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-40.34

-92.71

-43.59

-26.94

0.84

Enrad AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-45.38	-22.61	90.00	-20.63	14.99

Enrad AB ROCE % Calculation

Enrad 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: 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 )
	=	0.194	/	( ( (27.35 - 4.153)	+	(35.551 - 12.285) )	/ 2 )
	=	0.194	/	( (23.197	+	23.266)	/ 2 )
	=	0.194	/	23.2315
	=	0.84 %

Enrad AB'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	3.504	/	( ( (34.337 - 12.309)	+	(40.988 - 16.274) )	/ 2 )
	=	3.504	/	( ( 22.028	+	24.714 )	/ 2 )
	=	3.504	/	23.371
	=	14.99 %

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

Enrad AB (XSAT:ENRAD) 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.

Enrad AB ROCE % Related Terms

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Enrad AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enrad AB (XSAT:ENRAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Verkstadsgatan 10, Boras, SWE, 504 62

Website

http://www.enrad.se

Enrad AB manufactures environmentally friendly energy solutions as well as installation. The company has developed a patented technology, which reduces the energy consumption for cooling and heating systems. Its product consists of two parts: an advanced control system and a modular liquid cooling unit. Its control system controls the compressors, circulation pumps and coolant fans for optimal operation and adapts the cooling systems to the real need.

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