Solteq Oyj (OHEL:SOLTEQ) ROCE % : -5.60% (As of Mar. 2024)

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What is Solteq 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. Solteq Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.60%.

Solteq Oyj ROCE % Historical Data

The historical data trend for Solteq 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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Solteq Oyj ROCE % Chart

Solteq Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.05

10.76

12.52

-9.02

-8.34

Solteq Oyj 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															-0.93	-16.61	-5.94	1.18	-5.60

Solteq Oyj ROCE % Calculation

Solteq 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 )
	=	-2.82	/	( ( (74.336 - 25.164)	+	(57.189 - 38.745) )	/ 2 )
	=	-2.82	/	( (49.172	+	18.444)	/ 2 )
	=	-2.82	/	33.808
	=	-8.34 %

Solteq Oyj'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 )
	=	-1.004	/	( ( (57.189 - 38.745)	+	(56.22 - 38.838) )	/ 2 )
	=	-1.004	/	( ( 18.444	+	17.382 )	/ 2 )
	=	-1.004	/	17.913
	=	-5.60 %

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

Solteq Oyj (OHEL:SOLTEQ) 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.

Solteq Oyj ROCE % Related Terms

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Solteq Oyj (OHEL:SOLTEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Solteq Oyj (OHEL:SOLTEQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

B3M:Germany

Address

Karhumäenkuja 2, Vantaa, FIN, 01530

Website

https://www.solteq.com

Solteq Oyj is a provider of IT services and software solutions specializing in the digitalization of business and industry-specific software in sectors including retail, industry, energy, and services. It operates in Finland, Sweden, Norway, Denmark, Poland, and the UK. It has two business segments: Solteq Software includes businesses based on the Company's own products. The segment's revenue is mainly derived from license and maintenance fees for Solteq's own products, and related services such as integrations and implementation projects, and the Solteq Digital segment mainly comprises IT services. These services include consulting, the implementation of customer systems as projects, continuous development services, and maintenance.

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