Betolar Oyj (OHEL:BETOLAR) ROCE % : -57.20% (As of Dec. 2023)

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What is Betolar Oyj 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. Betolar Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was -57.20%.

Betolar Oyj ROCE % Historical Data

The historical data trend for Betolar Oyj'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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Betolar Oyj ROCE % Chart

Betolar Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-126.10

-141.84

-27.53

-34.41

-53.60

Betolar Oyj Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-22.08	-26.89	-41.27	-54.79	-57.20

Betolar Oyj ROCE % Calculation

Betolar Oyj'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 )
	=	-13.009	/	( ( (31.948 - 2.602)	+	(21.236 - 2.045) )	/ 2 )
	=	-13.009	/	( (29.346	+	19.191)	/ 2 )
	=	-13.009	/	24.2685
	=	-53.60 %

Betolar Oyj'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-11.868	/	( ( (25.187 - 2.879)	+	(21.236 - 2.045) )	/ 2 )
	=	-11.868	/	( ( 22.308	+	19.191 )	/ 2 )
	=	-11.868	/	20.7495
	=	-57.20 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Betolar Oyj (OHEL:BETOLAR) 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.

Betolar Oyj ROCE % Related Terms

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Betolar Oyj (OHEL:BETOLAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Betolar Oyj (OHEL:BETOLAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mannilantie 9, Kannonkoski, FIN, 43300

Website

https://www.betolar.com

Betolar Oyj is a Finnish materials technology company in the growth stage, whose mission is to enable the green transition of different industries globally, especially in the construction, process, and energy industries, by offering solutions for the utilization of its material technology. With its Geoprime solution, the company offers an alternative for producing sustainable and low-carbon concrete and concrete applications. The solution can be used to convert previously under-used or unused industrial side streams into a substitute for cement used in the production of concrete. Its product offering is divided into four segments: precast small concrete products, building elements, mining, and recycling of untapped side streams.

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