Urteste (WAR:URT) ROCE % : -15.62% (As of Mar. 2024)

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What is Urteste 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. Urteste's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.62%.

Urteste ROCE % Historical Data

The historical data trend for Urteste'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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Urteste ROCE % Chart

Urteste Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-30.54

-25.24

-44.37

-50.47

-28.43

Urteste Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-105.44	-39.34	-16.12	-6.82	-15.62

Urteste ROCE % Calculation

Urteste'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 )
	=	-4.854	/	( ( (6.694 - 0.6)	+	(29.598 - 1.54) )	/ 2 )
	=	-4.854	/	( (6.094	+	28.058)	/ 2 )
	=	-4.854	/	17.076
	=	-28.43 %

Urteste'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 )
	=	-4.28	/	( ( (29.598 - 1.54)	+	(28.218 - 1.472) )	/ 2 )
	=	-4.28	/	( ( 28.058	+	26.746 )	/ 2 )
	=	-4.28	/	27.402
	=	-15.62 %

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

Urteste (WAR:URT) 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.

Urteste ROCE % Related Terms

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Urteste (WAR:URT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Urteste SA (WAR:URT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Starodworska 1, Gdansk, POL, 80-137

Website

https://www.urteste.eu

Urteste SA specialises in the development of technology allowing the detection of cancers at the early stages of their development.

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