Resqunit AB (OSTO:RESQ) ROCE % : -105.84% (As of Jun. 2023)

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What is Resqunit 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. Resqunit AB's annualized ROCE % for the quarter that ended in Jun. 2023 was -105.84%.

Resqunit AB ROCE % Historical Data

The historical data trend for Resqunit 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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Resqunit AB ROCE % Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

ROCE %

-86.52

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
ROCE %	-	-137.45	-104.05	-105.84

Resqunit AB ROCE % Calculation

Resqunit 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 )
	=	-9.347	/	( ( (14.777 - 2.485)	+	(16.256 - 6.942) )	/ 2 )
	=	-9.347	/	( (12.292	+	9.314)	/ 2 )
	=	-9.347	/	10.803
	=	-86.52 %

Resqunit AB's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-9.096	/	( ( (16.256 - 6.942)	+	(11.988 - 4.113) )	/ 2 )
	=	-9.096	/	( ( 9.314	+	7.875 )	/ 2 )
	=	-9.096	/	8.5945
	=	-105.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Resqunit AB (OSTO:RESQ) 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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Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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