Upgrade Invest Nordic AB (XSAT:UPGRAD) ROCE % : -14.80% (As of Mar. 2024)

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What is Upgrade Invest Nordic 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. Upgrade Invest Nordic AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.80%.

Upgrade Invest Nordic AB ROCE % Historical Data

The historical data trend for Upgrade Invest Nordic 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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Upgrade Invest Nordic AB ROCE % Chart

Upgrade Invest Nordic AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-86.50

6.35

-13.74

-11.11

Upgrade Invest Nordic AB Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-11.83	-11.58	-13.31	-8.65	-14.80

Upgrade Invest Nordic AB ROCE % Calculation

Upgrade Invest Nordic 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 )
	=	-0.954	/	( ( (9.549 - 0.51)	+	(8.247 - 0.116) )	/ 2 )
	=	-0.954	/	( (9.039	+	8.131)	/ 2 )
	=	-0.954	/	8.585
	=	-11.11 %

Upgrade Invest Nordic 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 )
	=	-1.176	/	( ( (8.247 - 0.116)	+	(7.829 - 0.072) )	/ 2 )
	=	-1.176	/	( ( 8.131	+	7.757 )	/ 2 )
	=	-1.176	/	7.944
	=	-14.80 %

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

Upgrade Invest Nordic AB (XSAT:UPGRAD) 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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Upgrade Invest Nordic AB (XSAT:UPGRAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Upgrade Invest Nordic AB (XSAT:UPGRAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Humlegardsgatan 4, Stockholm, SWE, 114 46

Website

https://www.upgradeinvest.se

Upgrade Invest Nordic AB is an investment company that helps growing companies implement an ipo. the company has approximately 3,300 shareholders.

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