Guideline Geo AB (OSTO:GGEO) ROCE % : -26.62% (As of Mar. 2024)

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What is Guideline Geo 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. Guideline Geo AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -26.62%.

Guideline Geo AB ROCE % Historical Data

The historical data trend for Guideline Geo 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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Guideline Geo AB ROCE % Chart

Guideline Geo AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.01

1.39

28.51

-0.98

6.07

Guideline Geo AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															1.83	5.79	6.89	26.99	-26.62

Guideline Geo AB ROCE % Calculation

Guideline Geo AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	7.018	/	( ( (143.48 - 31.03)	+	(148.036 - 29.412) )	/ 2 )
	=	7.018	/	( (112.45	+	118.624)	/ 2 )
	=	7.018	/	115.537
	=	6.07 %

Guideline Geo AB'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-35.188	/	( ( (161.672 - 33.632)	+	(181.667 - 45.329) )	/ 2 )
	=	-35.188	/	( ( 128.04	+	136.338 )	/ 2 )
	=	-35.188	/	132.189
	=	-26.62 %

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

Guideline Geo AB (OSTO:GGEO) 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.

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Guideline Geo AB (OSTO:GGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guideline Geo AB (OSTO:GGEO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GO91:Germany

Address

Hemvarnsgatan 9, Solna, SWE, 171 54

Website

http://www.guidelinegeo.com

Guideline Geo AB is operating in the field of geophysics. The company develops, manufactures and sells solutions for four global market areas: Mapping and investigation of groundwater sources, monitoring and mapping of environmental pollution, investigation prior to construction of construction and maintenance of infrastructure, and investigation and mapping in mineral prospecting and mining. The group includes the MALA and ABEM brands and sales are conducted globally.

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