BBS-Bioactive Bone Substitutes (OHEL:BONEH) ROCE % : -40.25% (As of Dec. 2023)

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What is BBS-Bioactive Bone Substitutes 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. BBS-Bioactive Bone Substitutes's annualized ROCE % for the quarter that ended in Dec. 2023 was -40.25%.

BBS-Bioactive Bone Substitutes ROCE % Historical Data

The historical data trend for BBS-Bioactive Bone Substitutes'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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BBS-Bioactive Bone Substitutes ROCE % Chart

BBS-Bioactive Bone Substitutes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.45

-25.91

-24.60

-32.95

-36.95

BBS-Bioactive Bone Substitutes Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-27.76	-30.89	-30.59	-35.84	-40.25

BBS-Bioactive Bone Substitutes ROCE % Calculation

BBS-Bioactive Bone Substitutes'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 )
	=	-3.367	/	( ( (10.688 - 1.701)	+	(10.613 - 1.377) )	/ 2 )
	=	-3.367	/	( (8.987	+	9.236)	/ 2 )
	=	-3.367	/	9.1115
	=	-36.95 %

BBS-Bioactive Bone Substitutes'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 )
	=	-3.586	/	( ( (10.727 - 2.146)	+	(10.613 - 1.377) )	/ 2 )
	=	-3.586	/	( ( 8.581	+	9.236 )	/ 2 )
	=	-3.586	/	8.9085
	=	-40.25 %

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

BBS-Bioactive Bone Substitutes (OHEL:BONEH) 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.

BBS-Bioactive Bone Substitutes ROCE % Related Terms

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BBS-Bioactive Bone Substitutes (OHEL:BONEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » BBS-Bioactive Bone Substitutes PLC (OHEL:BONEH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kiviharjunlenkki 6, Oulu, FIN, 90220

Website

http://www.bbs-artebone.fi

BBS-Bioactive Bone Substitutes PLC is a health technology company, that develops, designs, and manufactures bioactive bone-graft substitute implants. Its ortho-biological product ARTEBONE, which is based on tricalcium phosphate and a natural spectrum of bone proteins has the capability of bone regeneration.

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