Simris Alg AB (OSTO:SIMRIS B) ROCE % : -22.85% (As of Mar. 2024)

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What is Simris Alg 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. Simris Alg AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -22.85%.

Simris Alg AB ROCE % Historical Data

The historical data trend for Simris Alg 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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Simris Alg AB ROCE % Chart

Simris Alg AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-59.64

-53.51

-78.93

-27.10

-22.75

Simris Alg AB 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															-24.34	-27.31	-20.14	-20.97	-22.85

Simris Alg AB ROCE % Calculation

Simris Alg 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 )
	=	-36.632	/	( ( (185.712 - 23.867)	+	(174.552 - 14.34) )	/ 2 )
	=	-36.632	/	( (161.845	+	160.212)	/ 2 )
	=	-36.632	/	161.0285
	=	-22.75 %

Simris Alg 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: 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 )
	=	-36.148	/	( ( (174.552 - 14.34)	+	(171.016 - 14.884) )	/ 2 )
	=	-36.148	/	( ( 160.212	+	156.132 )	/ 2 )
	=	-36.148	/	158.172
	=	-22.85 %

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

Simris Alg AB (OSTO:SIMRIS B) 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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Simris Alg AB (OSTO:SIMRIS B) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Simris Alg AB (OSTO:SIMRIS B) » Definitions » ROCE %

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5LU:Germany

Address

Herrestadsvagen 24A, Hammenhog, SWE, 276 50

Website

https://www.simrisalg.se

Simris Alg AB is a biotechnology company, engaged in research, development and production of bioactive substances from microalgae, for nutraceutical, cosmeceutical and pharmaceutical applications. The company's technology provides access to bioactive substances with novel functions, while replacing unsustainable raw materials from endangered marine species and ecosystems. Its first commercialised range is a series of omega-3 health supplements marketed under the company's own brand.

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