Invoicery Group AB (XSAT:FRILAN) ROCE % : -20.26% (As of Mar. 2024)

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What is Invoicery Group 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. Invoicery Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -20.26%.

Invoicery Group AB ROCE % Historical Data

The historical data trend for Invoicery Group 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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Invoicery Group AB ROCE % Chart

Invoicery Group AB Annual Data

Trend

Dec22

Dec23

ROCE %

29.12

6.89

Invoicery Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-5.08	-64.53	-5.11	97.68	-20.26

Invoicery Group AB ROCE % Calculation

Invoicery Group 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 )
	=	3.019	/	( ( (275.804 - 235.35)	+	(282.424 - 235.261) )	/ 2 )
	=	3.019	/	( (40.454	+	47.163)	/ 2 )
	=	3.019	/	43.8085
	=	6.89 %

Invoicery Group AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-9.408	/	( ( (282.424 - 235.261)	+	(230.631 - 184.908) )	/ 2 )
	=	-9.408	/	( ( 47.163	+	45.723 )	/ 2 )
	=	-9.408	/	46.443
	=	-20.26 %

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

Invoicery Group AB (XSAT:FRILAN) 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.

Invoicery Group AB ROCE % Related Terms

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Invoicery Group AB (XSAT:FRILAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Invoicery Group AB (XSAT:FRILAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Humlegardsgatan 4, Stockholm, SWE, 114 46

Website

https://www.spactva.se

Invoicery Group AB formerly SPACtva AB is a special purpose acquisition company that intends to acquire an unlisted operating company that will grow and create value in a listed environment.

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