ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) ROCE % : -19.54% (As of Sep. 2023)

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What is ZAZZ Energy of Sweden 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. ZAZZ Energy of Sweden AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -19.54%.

ZAZZ Energy of Sweden AB ROCE % Historical Data

The historical data trend for ZAZZ Energy of Sweden 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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ZAZZ Energy of Sweden AB ROCE % Chart

ZAZZ Energy of Sweden AB Annual Data

Trend

Dec19

Dec20

Dec21

ROCE %

-76.35

-65.98

ZAZZ Energy of Sweden AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-65.53	-46.41	-49.66	-30.02	-19.54

ZAZZ Energy of Sweden AB ROCE % Calculation

ZAZZ Energy of Sweden AB's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-4.447	/	( ( (2.756 - 0.799)	+	(20.013 - 8.49) )	/ 2 )
	=	-4.447	/	( (1.957	+	11.523)	/ 2 )
	=	-4.447	/	6.74
	=	-65.98 %

ZAZZ Energy of Sweden AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-7.596	/	( ( (56.045 - 23.292)	+	(54.999 - 9.991) )	/ 2 )
	=	-7.596	/	( ( 32.753	+	45.008 )	/ 2 )
	=	-7.596	/	38.8805
	=	-19.54 %

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

ZAZZ Energy of Sweden AB (OSTO:ZAZZ 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.

ZAZZ Energy of Sweden AB ROCE % Related Terms

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ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

X92:Germany

Address

Nybrogatan 17, Stockholm, SWE, 114 39

Website

https://www.zazzenergy.com

ZAZZ Energy of Sweden AB is an energy company for green energy production. The company's business model aims to realize the country's environmental goals through the establishment of waste gasification and incineration plants that produce green electricity and heat.

ZAZZ Energy of Sweden AB (OSTO:ZAZZ B) Headlines

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