Scanway S A (WAR:SCW) ROCE % : -28.20% (As of Dec. 2023)

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What is Scanway S A 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. Scanway S A's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.20%.

Scanway S A ROCE % Historical Data

The historical data trend for Scanway S A'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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Scanway S A ROCE % Chart

Scanway S A Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-2.40

3.72

-17.45

Scanway S A Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-6.46	10.22	-5.81	-28.20

Scanway S A ROCE % Calculation

Scanway S A'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 )
	=	-2.205	/	( ( (13.227 - 4.735)	+	(24.757 - 7.977) )	/ 2 )
	=	-2.205	/	( (8.492	+	16.78)	/ 2 )
	=	-2.205	/	12.636
	=	-17.45 %

Scanway S A'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.856	/	( ( (16.994 - 6.428)	+	(24.757 - 7.977) )	/ 2 )
	=	-3.856	/	( ( 10.566	+	16.78 )	/ 2 )
	=	-3.856	/	13.673
	=	-28.20 %

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

Scanway S A (WAR:SCW) 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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Scanway S A (WAR:SCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scanway S A (WAR:SCW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Dunska 9, Wroclaw, POL, 54-427

Website

https://www.scanway.pl

Scanway S A is a Polish based company operating in the field of vision systems and optoelectronics. It creates solutions at the intersection of optics, electronics and software. The company's activities are divided into two branches - industrial and space. Space sector includes observation systems for satellites. Our specialists are the authors of, among others: the optical part of the EagleEye microsatellite observation system, cameras monitoring the maiden flight of Ariane-6, as well as a 3D laser system for the orientation of drilled particles in space. Industry it includes reducing production costs thanks to quality control of 100% of products or components in the production plant.

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