Gomero Group AB (XSAT:GOMERO) ROCE % : 22.32% (As of Dec. 2023)

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What is Gomero Group 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. Gomero Group AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.32%.

Gomero Group AB ROCE % Historical Data

The historical data trend for Gomero Group 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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Gomero Group AB ROCE % Chart

Gomero Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.69

1.59

3.92

16.72

3.06

Gomero Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															25.12	-11.30	2.20	-0.91	22.32

Gomero Group AB ROCE % Calculation

Gomero Group 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 )
	=	0.752	/	( ( (33.23 - 8.966)	+	(34.988 - 10.168) )	/ 2 )
	=	0.752	/	( (24.264	+	24.82)	/ 2 )
	=	0.752	/	24.542
	=	3.06 %

Gomero Group 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 )
	=	5.408	/	( ( (32.224 - 8.584)	+	(34.988 - 10.168) )	/ 2 )
	=	5.408	/	( ( 23.64	+	24.82 )	/ 2 )
	=	5.408	/	24.23
	=	22.32 %

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

Gomero Group AB (XSAT:GOMERO) 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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Gomero Group AB (XSAT:GOMERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gomero Group AB (XSAT:GOMERO) » Definitions » ROCE %

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Address

Kampegatan 16, Gothenburg, SWE, 411 04

Website

https://www.gomero.com

Gomero Group AB is engaged in the energy sector. The company develops technical systems and associated services to be able to predict and automate maintenance in various industrial processes. The firm offers technically connected products for measurement, control and data analysis. Its customers are found in energy distribution, energy storage and energy production as well as in the electricity-intensive industry.

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