Circhem AB (OSTO:CIRCHE) ROCE % : -13.99% (As of Dec. 2023)

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What is Circhem AB 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. Circhem AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.99%.

Circhem AB ROCE % Historical Data

The historical data trend for Circhem AB'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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Circhem AB ROCE % Chart

Circhem AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.75

-20.03

-42.88

-71.26

-43.90

Circhem AB Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														-78.80	-64.00	-41.90	-32.37	-13.99

Circhem AB ROCE % Calculation

Circhem AB'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 )
	=	-15.565	/	( ( (50.303 - 23.42)	+	(59.109 - 15.082) )	/ 2 )
	=	-15.565	/	( (26.883	+	44.027)	/ 2 )
	=	-15.565	/	35.455
	=	-43.90 %

Circhem AB'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 )
	=	-6.172	/	( ( (60.108 - 15.921)	+	(59.109 - 15.082) )	/ 2 )
	=	-6.172	/	( ( 44.187	+	44.027 )	/ 2 )
	=	-6.172	/	44.107
	=	-13.99 %

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

Circhem AB (OSTO:CIRCHE) 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.

Circhem AB ROCE % Related Terms

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Circhem AB (OSTO:CIRCHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Circhem AB (OSTO:CIRCHE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malderistvagen 3, Vargon, SWE, 468 30

Website

https://www.circhem.com

Circhem AB is primarily involved in the solvent recycling process which includes recycling and purification of industrial chemicals. It offers solution that enables the industry to reduce its emissions and at the same time increase profitability.

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