Briox AB (NGM:BRIX) ROCE % : -70.28% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Briox 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. Briox AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -70.28%.

Briox AB ROCE % Historical Data

The historical data trend for Briox 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.

* Premium members only.

Briox AB ROCE % Chart

Briox AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-65.42

-91.44

-70.19

-43.59

-49.32

Briox AB Quarterly Data
	Jun19	Sep19	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															-37.07	-44.52	-53.12	-65.59	-70.28

Briox AB ROCE % Calculation

Briox 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 )
	=	-24.552	/	( ( (69.133 - 7.174)	+	(51.183 - 13.579) )	/ 2 )
	=	-24.552	/	( (61.959	+	37.604)	/ 2 )
	=	-24.552	/	49.7815
	=	-49.32 %

Briox AB'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 )
	=	-24.332	/	( ( (51.183 - 13.579)	+	(43.988 - 12.353) )	/ 2 )
	=	-24.332	/	( ( 37.604	+	31.635 )	/ 2 )
	=	-24.332	/	34.6195
	=	-70.28 %

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

Briox AB (NGM:BRIX) 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.

Briox AB ROCE % Related Terms

Thank you for viewing the detailed overview of Briox AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Briox AB (NGM:BRIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Briox AB (NGM:BRIX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Jarnvagsgatan 4A, Vaxjo, SWE, 352 29

Website

http://www.briox.se

Briox AB is a SaaS company. The company offers solutions to manage the smallest businesses finances. The solutions are being sold online and through Accounting Agencies and Accountants. Briox software connects the Accountant with the business owner, and the customers are to be found within multiple industries with a focus on the service segment. Its software is available in Finland, Estonia, Latvia and Lithuania.

Briox AB (NGM:BRIX) Headlines

No Headlines