Job Solution Sweden Holding AB (OSTO:JOBS) ROCE % : -28.92% (As of Dec. 2023)

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What is Job Solution Sweden Holding 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. Job Solution Sweden Holding AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.92%.

Job Solution Sweden Holding AB ROCE % Historical Data

The historical data trend for Job Solution Sweden Holding 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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Job Solution Sweden Holding AB ROCE % Chart

Job Solution Sweden Holding AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

60.41

76.11

34.49

8.15

Job Solution Sweden Holding AB Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							24.53	34.59	19.53	14.01	-28.92

Job Solution Sweden Holding AB ROCE % Calculation

Job Solution Sweden Holding 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 )
	=	3.889	/	( ( (53.619 - 14.696)	+	(98.268 - 41.793) )	/ 2 )
	=	3.889	/	( (38.923	+	56.475)	/ 2 )
	=	3.889	/	47.699
	=	8.15 %

Job Solution Sweden Holding AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-15.576	/	( ( (70.407 - 19.178)	+	(98.268 - 41.793) )	/ 2 )
	=	-15.576	/	( ( 51.229	+	56.475 )	/ 2 )
	=	-15.576	/	53.852
	=	-28.92 %

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

Job Solution Sweden Holding AB (OSTO:JOBS) 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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