Creturner Group AB (NGM:CRET) ROCE % : -1.70% (As of Sep. 2023)

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What is Creturner Group 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. Creturner Group AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.70%.

Creturner Group AB ROCE % Historical Data

The historical data trend for Creturner Group 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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Creturner Group AB ROCE % Chart

Creturner Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

14.38

14.36

25.25

4.47

Creturner Group AB Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial											9.77	-6.51	-10.07	-9.61	-1.70

Creturner Group AB ROCE % Calculation

Creturner Group AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	6.168	/	( ( (123.283 - 20.732)	+	(211.427 - 38.007) )	/ 2 )
	=	6.168	/	( (102.551	+	173.42)	/ 2 )
	=	6.168	/	137.9855
	=	4.47 %

Creturner Group 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 )
	=	-2.852	/	( ( (209.296 - 39.505)	+	(201.918 - 36.904) )	/ 2 )
	=	-2.852	/	( ( 169.791	+	165.014 )	/ 2 )
	=	-2.852	/	167.4025
	=	-1.70 %

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

Creturner Group AB (NGM:CRET) 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.

Creturner Group AB ROCE % Related Terms

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Creturner Group AB (NGM:CRET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Creturner Group AB (NGM:CRET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XP2:Germany

Address

Atlasvagen 2, Smedjebacken, SWE, 77734

Website

https://www.creturner.com

Creturner Group AB is a greentech company that operates as a technical calculation company with the help of renewable energy from CO2.

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