Gruvaktiebolaget Viscaria (OSTO:VISC) ROCE % : -3.68% (As of Mar. 2024)

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What is Gruvaktiebolaget Viscaria 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. Gruvaktiebolaget Viscaria's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.68%.

Gruvaktiebolaget Viscaria ROCE % Historical Data

The historical data trend for Gruvaktiebolaget Viscaria'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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Gruvaktiebolaget Viscaria ROCE % Chart

Gruvaktiebolaget Viscaria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.72

2.39

-3.39

-2.49

-2.45

Gruvaktiebolaget Viscaria Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.59	-2.79	-1.28	-2.90	-3.68

Gruvaktiebolaget Viscaria ROCE % Calculation

Gruvaktiebolaget Viscaria'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 )
	=	-27.8	/	( ( (1063.7 - 44)	+	(1294 - 48.8) )	/ 2 )
	=	-27.8	/	( (1019.7	+	1245.2)	/ 2 )
	=	-27.8	/	1132.45
	=	-2.45 %

Gruvaktiebolaget Viscaria's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-45.6	/	( ( (1294 - 48.8)	+	(1283.3 - 49.6) )	/ 2 )
	=	-45.6	/	( ( 1245.2	+	1233.7 )	/ 2 )
	=	-45.6	/	1239.45
	=	-3.68 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Gruvaktiebolaget Viscaria (OSTO:VISC) 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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Gruvaktiebolaget Viscaria (OSTO:VISC) Business Description

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Comparable Companies

Traded in Other Exchanges

5KP:Germany

Address

Verkstadsvagen 52, Kopparberg, SWE, 714 36

Website

http://www.copperstone.se

Copperstone Resources AB is a Sweden-based exploration and mining company in the Industrial Metals and Mining division. It is primarily focused on developing the Viscaria copper mine in the region of Kiruna in northern Sweden. The company explores for copper, gold, zink, lead, and other minerals. It also holds interests in projects in Arvidsjaur (Eva, Svartliden, Granliden) and in Smedjebacken (Tvistbo), all located in the northern Sweden.

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