Gofore (OHEL:GOFORE) ROCE % : 19.73% (As of Mar. 2024)

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What is Gofore 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. Gofore's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.73%.

Gofore ROCE % Historical Data

The historical data trend for Gofore'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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Gofore ROCE % Chart

Gofore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.22

19.02

18.59

18.77

21.31

Gofore Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.24	17.92	13.47	28.80	19.73

Gofore ROCE % Calculation

Gofore'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 )
	=	23.559	/	( ( (148.427 - 45.881)	+	(167.085 - 48.504) )	/ 2 )
	=	23.559	/	( (102.546	+	118.581)	/ 2 )
	=	23.559	/	110.5635
	=	21.31 %

Gofore'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 )
	=	23.892	/	( ( (167.085 - 48.504)	+	(173.17 - 49.51) )	/ 2 )
	=	23.892	/	( ( 118.581	+	123.66 )	/ 2 )
	=	23.892	/	121.1205
	=	19.73 %

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

Gofore (OHEL:GOFORE) 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.

Gofore ROCE % Related Terms

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Gofore (OHEL:GOFORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gofore PLC (OHEL:GOFORE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1E2:Germany

Address

Kalevantie 2, Tampere, FIN, 33100

Website

https://www.gofore.com

Gofore PLC is a digital services company. The company offers services that help operators in the private and public sectors face digital change. The company offers services such as Digital transformation advisory, agile software development, service design, cloud technology, data & analytics, Digital quality assurance, and testing automation. The vast majority of its revenue comes from Finland.

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