Inhalation Sciences Sweden AB (XSAT:ISAB) ROCE % : -37.06% (As of Sep. 2024)

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What is Inhalation Sciences Sweden 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. Inhalation Sciences Sweden AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -37.06%.

Inhalation Sciences Sweden AB ROCE % Historical Data

The historical data trend for Inhalation Sciences Sweden 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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Inhalation Sciences Sweden AB ROCE % Chart

Inhalation Sciences Sweden AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.55

109.53

-99.19

-81.63

-34.38

Inhalation Sciences Sweden AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-26.20	-21.21	-24.00	-30.06	-37.06

Inhalation Sciences Sweden AB ROCE % Calculation

Inhalation Sciences Sweden 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 )
	=	-3.749	/	( ( (12.985 - 4.574)	+	(18.168 - 4.772) )	/ 2 )
	=	-3.749	/	( (8.411	+	13.396)	/ 2 )
	=	-3.749	/	10.9035
	=	-34.38 %

Inhalation Sciences Sweden 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-4.004	/	( ( (14.952 - 3.595)	+	(13.437 - 3.187) )	/ 2 )
	=	-4.004	/	( ( 11.357	+	10.25 )	/ 2 )
	=	-4.004	/	10.8035
	=	-37.06 %

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

Inhalation Sciences Sweden AB (XSAT:ISAB) 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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Inhalation Sciences Sweden AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Inhalation Sciences Sweden AB (XSAT:ISAB) » Definitions » ROCE %

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Address

Halsovagen 7, Huddinge, SWE, 141 57

Website

http://www.inhalation.se

Inhalation Sciences Sweden AB develops and commercializes patented lab instrument for inhalation research. Its products include PreciseInhale an advanced laboratory system used to measure inhaled particles and their effect on lungs, and LaminarPace tool for drying small amounts of the drug substance.

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