Olink Holding AB (Olink Holding AB) ROCE % : -7.09% (As of Dec. 2023)

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What is Olink Holding 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. Olink Holding AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.09%.

Olink Holding AB ROCE % Historical Data

The historical data trend for Olink Holding 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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Olink Holding AB ROCE % Chart

Olink Holding AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-4.08

-0.18

-9.81

-3.14

-7.91

Olink Holding AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												6.57	-14.38	-8.05	-1.54	-7.09

Olink Holding AB ROCE % Calculation

Olink Holding AB'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 )
	=	-39.047	/	( ( (476.29 - 36.087)	+	(602.252 - 55.487) )	/ 2 )
	=	-39.047	/	( (440.203	+	546.765)	/ 2 )
	=	-39.047	/	493.484
	=	-7.91 %

Olink Holding AB'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-37.62	/	( ( (552.825 - 38.697)	+	(602.252 - 55.487) )	/ 2 )
	=	-37.62	/	( ( 514.128	+	546.765 )	/ 2 )
	=	-37.62	/	530.4465
	=	-7.09 %

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

Olink Holding AB (NAS:OLK) 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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Olink Holding AB (Olink Holding AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Olink Holding AB (NAS:OLK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6XA:Germany

Address

Uppsala Science Park, Uppsala, SWE, SE-75183

Website

https://www.olink.com

Olink Holding AB has a proprietary and patented Proximity Extension Assay technology, which enables researchers to use one platform for discovery to clinical trials to diagnostic applications utilizing the established infrastructure of labs and installed instrumentation. It has two segments including Kit and Services. It derives revenues from Sweden, the Americas, China, EMEA (Excluding Sweden) Japan, and other regions.