Edda Wind ASA (OSL:EWIND) ROCE % : -2.77% (As of Dec. 2023)

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What is Edda Wind 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. Edda Wind ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.77%.

Edda Wind ASA ROCE % Historical Data

The historical data trend for Edda Wind 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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Edda Wind ASA ROCE % Chart

Edda Wind ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.26

3.81

1.60

1.21

0.23

Edda Wind ASA Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											0.81	0.17	0.95	2.79	-2.77

Edda Wind ASA ROCE % Calculation

Edda Wind 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 )
	=	11.355	/	( ( (3675.083 - 224.458)	+	(6698.443 - 463.334) )	/ 2 )
	=	11.355	/	( (3450.625	+	6235.109)	/ 2 )
	=	11.355	/	4842.867
	=	0.23 %

Edda Wind ASA'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-163.36	/	( ( (5780.682 - 232.006)	+	(6698.443 - 463.334) )	/ 2 )
	=	-163.36	/	( ( 5548.676	+	6235.109 )	/ 2 )
	=	-163.36	/	5891.8925
	=	-2.77 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Edda Wind ASA (OSL:EWIND) 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.

Edda Wind ASA ROCE % Related Terms

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Edda Wind ASA (OSL:EWIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Edda Wind ASA (OSL:EWIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EWINDO:Sweden VR1:Germany

Address

Smedasundet 97, Haugesund, NOR, 5501

Website

https://www.eddawind.com

Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms worldwide.

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