Elliptic Laboratories ASA (STU:EIP) ROCE % : -2.55% (As of Mar. 2024)

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What is Elliptic Laboratories ASA 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. Elliptic Laboratories ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.55%.

Elliptic Laboratories ASA ROCE % Historical Data

The historical data trend for Elliptic Laboratories ASA'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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Elliptic Laboratories ASA ROCE % Chart

Elliptic Laboratories ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.33

-8.29

-4.33

-10.93

-13.02

Elliptic Laboratories ASA Quarterly Data
	Dec18	Jun19	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															-20.76	8.36	-8.64	-32.33	-2.55

Elliptic Laboratories ASA ROCE % Calculation

Elliptic Laboratories ASA'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 )
	=	-3.904	/	( ( (33.376 - 1.641)	+	(30.416 - 2.167) )	/ 2 )
	=	-3.904	/	( (31.735	+	28.249)	/ 2 )
	=	-3.904	/	29.992
	=	-13.02 %

Elliptic Laboratories ASA'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 )
	=	-0.716	/	( ( (30.416 - 2.167)	+	(30.174 - 2.301) )	/ 2 )
	=	-0.716	/	( ( 28.249	+	27.873 )	/ 2 )
	=	-0.716	/	28.061
	=	-2.55 %

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

Elliptic Laboratories ASA (STU:EIP) 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.

Elliptic Laboratories ASA ROCE % Related Terms

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Elliptic Laboratories ASA (STU:EIP) Business Description

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ELABSo:Sweden ELABS:Norway

Address

Akersgata 32, Oslo, NOR, 0180

Website

https://www.ellipticlabs.com

Elliptic Laboratories ASA is a software-based AI Virtual Smart Sensor Platform. Its AI Virtual Security Sensor is a presence-detection solution used to improve the security of data stored on laptops. The AI Virtual Security Sensor leverages a laptop's existing speaker and microphone to generate and process ultrasound waves to detect presence.

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