Airthings ASA (Airthings ASA) ROCE % : -17.22% (As of Mar. 2024)

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What is Airthings 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. Airthings ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.22%.

Airthings ASA ROCE % Historical Data

The historical data trend for Airthings 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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Airthings ASA ROCE % Chart

Airthings ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.25

-12.29

-11.76

-21.35

-14.57

Airthings ASA Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-26.37	-22.97	-2.39	-5.96	-17.22

Airthings ASA ROCE % Calculation

Airthings ASA'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 )
	=	-7.815	/	( ( (63.743 - 10.137)	+	(64.653 - 11.001) )	/ 2 )
	=	-7.815	/	( (53.606	+	53.652)	/ 2 )
	=	-7.815	/	53.629
	=	-14.57 %

Airthings ASA'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 )
	=	-8.884	/	( ( (64.653 - 11.001)	+	(60.023 - 10.476) )	/ 2 )
	=	-8.884	/	( ( 53.652	+	49.547 )	/ 2 )
	=	-8.884	/	51.5995
	=	-17.22 %

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

Airthings ASA (OTCPK:ARTGF) 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.

Airthings ASA ROCE % Related Terms

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Airthings ASA (Airthings ASA) Business Description

Industry

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Traded in Other Exchanges

AIRX:Norway 64J:Germany

Address

Wergelandsveien 7, Oslo, NOR, 0167

Website

https://www.airthings.com

Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which uses software solutions to monitor air quality and create and maintain a healthy living environment.

Airthings ASA (Airthings ASA) Headlines

From GuruFocus

Q4 2023 Airthings ASA Earnings Presentation Transcript

By GuruFocus Research • 02-10-2024