Evolear AB (XSAT:EVOL) ROCE % : -155.48% (As of Dec. 2024)

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What is Evolear 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. Evolear AB's annualized ROCE % for the quarter that ended in Dec. 2024 was -155.48%.

Evolear AB ROCE % Historical Data

The historical data trend for Evolear 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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Evolear AB ROCE % Chart

Evolear AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-31.48

0.01

20.46

-42.64

-53.51

Evolear AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-35.65	-39.40	-29.54	-14.56	-155.48

Evolear AB ROCE % Calculation

Evolear AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-10.343	/	( ( (21.457 - 3.443)	+	(23.912 - 3.27) )	/ 2 )
	=	-10.343	/	( (18.014	+	20.642)	/ 2 )
	=	-10.343	/	19.328
	=	-53.51 %

Evolear AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-27.608	/	( ( (18.513 - 3.641)	+	(23.912 - 3.27) )	/ 2 )
	=	-27.608	/	( ( 14.872	+	20.642 )	/ 2 )
	=	-27.608	/	17.757
	=	-155.48 %

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

Evolear AB (XSAT:EVOL) 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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Evolear AB Business Description

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Address

Karolinska Institutet Science Park, Fogdevreten 2, Solna, SWE, SE-171 65

Website

https://www.myfirstappsweden.com

Evolear AB is an ed-tech company that offers a wide range of educational games and applications through its brands Evolear, 10Monkeys, TalesTime and MyFirstApp worldwide. Its commitment is to promote children's learning and development in areas such as mathematics, language and cognitive skills, by providing fun and interactive tools adapted to different ages and developmental stages.