Evendo AB (XSAT:EVENDO B) ROCE % : 0.00% (As of Mar. 2018)

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What is Evendo 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. Evendo AB's annualized ROCE % for the quarter that ended in Mar. 2018 was 0.00%.

Evendo AB ROCE % Historical Data

The historical data trend for Evendo 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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Evendo AB ROCE % Chart

Evendo AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

ROCE %

-128.22

-240.15

-325.97

-424.08

Evendo AB Quarterly Data
	Dec14	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
ROCE %	Get a 7-Day Free Trial							-190.00	-194.81	-454.54	-	-

Evendo AB ROCE % Calculation

Evendo AB's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-8.505	/	( ( (8.864 - 2.698)	+	(8.624 - 10.779) )	/ 2 )
	=	-8.505	/	( (6.166	+	-2.155)	/ 2 )
	=	-8.505	/	2.0055
	=	-424.08 %

Evendo AB's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	-5.904	/	( ( (8.624 - 10.779)	+	(8.077 - 12.072) )	/ 2 )
	=	-5.904	/	( ( -2.155	+	-3.995 )	/ 2 )
	=	-5.904	/	-3.075
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

Evendo AB (XSAT:EVENDO B) 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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Evendo AB (XSAT:EVENDO B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Evendo AB (XSAT:EVENDO B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

https://www.adonnews.com

Adonnews Sweden AB, formerly known as Mobile Loyalty Holding AB is a media technology company. The company's product ADONnews business system enables news media and web sites to meet the needs of Small and medium enterprises to reach their local customers through the computer, tablet and mobile phone in an easy and cost-effective way.

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