NEO Finance AB (OVSE:NEOFI) ROCE % : 1.49% (As of Dec. 2023)

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What is NEO Finance 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. NEO Finance AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.49%.

NEO Finance AB ROCE % Historical Data

The historical data trend for NEO Finance 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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NEO Finance AB ROCE % Chart

NEO Finance AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.85

-1.61

6.09

4.72

5.87

NEO Finance AB Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												8.85	8.03	9.95	10.34	1.49

NEO Finance AB ROCE % Calculation

NEO Finance 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 )
	=	0.306	/	( ( (17.142 - 13.641)	+	(27.404 - 20.477) )	/ 2 )
	=	0.306	/	( (3.501	+	6.927)	/ 2 )
	=	0.306	/	5.214
	=	5.87 %

NEO Finance 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 )
	=	0.084	/	( ( (16.24 - 11.866)	+	(27.404 - 20.477) )	/ 2 )
	=	0.084	/	( ( 4.374	+	6.927 )	/ 2 )
	=	0.084	/	5.6505
	=	1.49 %

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

NEO Finance AB (OVSE:NEOFI) 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.

NEO Finance AB ROCE % Related Terms

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NEO Finance AB (OVSE:NEOFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » NEO Finance AB (OVSE:NEOFI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A. Vivulskio Street 7, Vilnius, LTU, LT-03162

Website

https://www.neofinance.com

NEO Finance AB is engaged in peer-to-peer lending services. It owns and operates a Peer-to-peer lending platform that enables retail Lenders to lend money directly to retail borrowers. The company generates its revenues via the lending platform in two main ways: intermediary fee charged from borrowers on installments made and by interest made by co-investing with lenders.

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