Webstep ASA (OSL:WSTEP) ROCE % : 19.79% (As of Mar. 2024)

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What is Webstep 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. Webstep ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.79%.

Webstep ASA ROCE % Historical Data

The historical data trend for Webstep 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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Webstep ASA ROCE % Chart

Webstep ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.54

12.42

15.37

12.28

4.35

Webstep ASA 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															21.44	14.87	2.07	-23.13	19.79

Webstep ASA ROCE % Calculation

Webstep 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 )
	=	19.341	/	( ( (678.967 - 231.182)	+	(708.172 - 267.401) )	/ 2 )
	=	19.341	/	( (447.785	+	440.771)	/ 2 )
	=	19.341	/	444.278
	=	4.35 %

Webstep ASA'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 )
	=	88.756	/	( ( (708.172 - 267.401)	+	(732.372 - 275.962) )	/ 2 )
	=	88.756	/	( ( 440.771	+	456.41 )	/ 2 )
	=	88.756	/	448.5905
	=	19.79 %

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

Webstep ASA (OSL:WSTEP) 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.

Webstep ASA ROCE % Related Terms

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Webstep ASA (OSL:WSTEP) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Webstep ASA (OSL:WSTEP) » Definitions » ROCE %

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N/A

Address

Universitetsgata 2, Rebel, Oslo, NOR, NO-0164

Website

https://www.webstep.com

Webstep ASA is engaged in the provision of information technology (IT) consultancy services. Its core digitalization offerings include digitalization, cloud migration and integration in addition, it also focused on the Internet of Things (IoT), machine learning and analytics. The company also provides cloud services and infrastructure, security and mobility solutions, robotics, as well as IT advisory and management solutions. It operates in two geographical segments, Norway and Sweden. The company earns. majority revenue from Sweden.

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