Univid ASA (Univid ASA) ROCE % : -2.29% (As of Sep. 2023)

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What is Univid ASA 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. Univid ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.29%.

Univid ASA ROCE % Historical Data

The historical data trend for Univid ASA'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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Univid ASA ROCE % Chart

Univid ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-113.59

-78.82

-21.90

-19.19

-90.81

Univid ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															5.60	-301.72	-20.43	51.63	-2.29

Univid ASA ROCE % Calculation

Univid ASA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-35.201	/	( ( (48.332 - 2.324)	+	(38.93 - 7.41) )	/ 2 )
	=	-35.201	/	( (46.008	+	31.52)	/ 2 )
	=	-35.201	/	38.764
	=	-90.81 %

Univid ASA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.176	/	( ( (8.79 - 0.273)	+	(7.177 - 0.321) )	/ 2 )
	=	-0.176	/	( ( 8.517	+	6.856 )	/ 2 )
	=	-0.176	/	7.6865
	=	-2.29 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Univid ASA (OTCPK:DLTXF) 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.

Univid ASA ROCE % Related Terms

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Univid ASA (Univid ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Univid ASA (OTCPK:DLTXF) » Definitions » ROCE %

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ELEo:Sweden UNIV:Norway XEN:Germany

Address

The Foundation 2, Oslo, NOR, 0250

Website

https://www.univid.no

Univid ASA formerly DLTx ASA is a technology company focused on developing, operating, and supporting blockchains. The company seeks to identify the projects, teams, and companies within the decentralized economy and support open-source public distributed ledger technologies. The company's strategy is to focus on the top tier blockchain and decentralized platforms, protocols, exchanges, and wallets.

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