SolidX AB (XSAT:SOLIDX) ROCE % : 2.18% (As of Jan. 2024)

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What is SolidX 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. SolidX AB's annualized ROCE % for the quarter that ended in Jan. 2024 was 2.18%.

SolidX AB ROCE % Historical Data

The historical data trend for SolidX 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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SolidX AB ROCE % Chart

SolidX AB Annual Data

Trend

Apr20

Apr21

Apr22

ROCE %

20.59

49.08

51.27

SolidX AB Quarterly Data
	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial										66.67	20.61	-33.68	70.08	2.18

SolidX AB ROCE % Calculation

SolidX AB's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	6.416	/	( ( (20.209 - 8.211)	+	(30.323 - 17.292) )	/ 2 )
	=	6.416	/	( (11.998	+	13.031)	/ 2 )
	=	6.416	/	12.5145
	=	51.27 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	0.728	/	( ( (31.201 - 15.062)	+	(81.057 - 30.429) )	/ 2 )
	=	0.728	/	( ( 16.139	+	50.628 )	/ 2 )
	=	0.728	/	33.3835
	=	2.18 %

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

SolidX AB (XSAT:SOLIDX) 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.

SolidX AB ROCE % Related Terms

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SolidX AB (XSAT:SOLIDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SolidX AB (XSAT:SOLIDX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sturegatan 12 A, Eslov, SWE, 241 31

Website

https://www.solidx.se

SolidX AB is an IT consulting company in Sweden.

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