Eco Wave Power Global AB (OSTO:ECOWVE) ROCE % : -38.69% (As of Dec. 2023)

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What is Eco Wave Power Global 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. Eco Wave Power Global AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -38.69%.

Eco Wave Power Global AB ROCE % Historical Data

The historical data trend for Eco Wave Power Global 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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Eco Wave Power Global AB ROCE % Chart

Eco Wave Power Global AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.62

-14.52

-17.06

-23.93

-20.17

Eco Wave Power Global AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-33.55	-21.16	-14.52	-8.57	-38.69

Eco Wave Power Global AB ROCE % Calculation

Eco Wave Power Global 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 )
	=	-18.679	/	( ( (123.675 - 19.293)	+	(102.668 - 21.849) )	/ 2 )
	=	-18.679	/	( (104.382	+	80.819)	/ 2 )
	=	-18.679	/	92.6005
	=	-20.17 %

Eco Wave Power Global 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 )
	=	-33.236	/	( ( (114.118 - 23.134)	+	(102.668 - 21.849) )	/ 2 )
	=	-33.236	/	( ( 90.984	+	80.819 )	/ 2 )
	=	-33.236	/	85.9015
	=	-38.69 %

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

Eco Wave Power Global AB (OSTO:ECOWVE) 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.

Eco Wave Power Global AB ROCE % Related Terms

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Eco Wave Power Global AB (OSTO:ECOWVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eco Wave Power Global AB (OSTO:ECOWVE) » Definitions » ROCE %

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WAVE:USA 1KW0:Germany

Address

52 Derech Menachem Begin Street, Tel Aviv, ISR, 6713701

Website

https://www.ecowavepower.com

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographical presence in Israel, USA and Mexico.

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