Gubra AS (OCSE:GUBRA) ROCE % : -6.37% (As of Dec. 2023)

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What is Gubra AS 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. Gubra AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.37%.

Gubra AS ROCE % Historical Data

The historical data trend for Gubra AS'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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Gubra AS ROCE % Chart

Gubra AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

12.01

53.72

4.24

-10.70

Gubra AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-9.10	19.85	-10.91	-6.37

Gubra AS ROCE % Calculation

Gubra AS'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 )
	=	-38.014	/	( ( (262.902 - 93.733)	+	(625.28 - 84.088) )	/ 2 )
	=	-38.014	/	( (169.169	+	541.192)	/ 2 )
	=	-38.014	/	355.1805
	=	-10.70 %

Gubra AS'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 )
	=	-35.486	/	( ( (623.417 - 49.576)	+	(625.28 - 84.088) )	/ 2 )
	=	-35.486	/	( ( 573.841	+	541.192 )	/ 2 )
	=	-35.486	/	557.5165
	=	-6.37 %

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

Gubra AS (OCSE:GUBRA) 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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Gubra AS (OCSE:GUBRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Gubra AS (OCSE:GUBRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PI3:Germany

Address

Hørsholm Kongevej 11B, Hørsholm, DNK, 2970

Website

https://www.gubra.dk

Gubra AS is a specialized preclinical CRO and biotech company focused on peptide-based drug discovery within metabolic and fibrotic diseases.

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