Smart Eye AB (OSTO:SEYE) ROCE % : -15.01% (As of Sep. 2023)

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What is Smart Eye 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. Smart Eye AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -15.01%.

Smart Eye AB ROCE % Historical Data

The historical data trend for Smart Eye 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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Smart Eye AB ROCE % Chart

Smart Eye AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-44.42

-49.56

-25.47

-13.09

-22.23

Smart Eye AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-23.35	-26.01	-21.26	-16.75	-15.01

Smart Eye AB ROCE % Calculation

Smart Eye AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-343.008	/	( ( (1745.342 - 97.549)	+	(1681.082 - 242.384) )	/ 2 )
	=	-343.008	/	( (1647.793	+	1438.698)	/ 2 )
	=	-343.008	/	1543.2455
	=	-22.23 %

Smart Eye AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-250.296	/	( ( (1827.039 - 128.843)	+	(1764.681 - 128.726) )	/ 2 )
	=	-250.296	/	( ( 1698.196	+	1635.955 )	/ 2 )
	=	-250.296	/	1667.0755
	=	-15.01 %

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

Smart Eye AB (OSTO:SEYE) 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.

Smart Eye AB ROCE % Related Terms

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Smart Eye AB (OSTO:SEYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Eye AB (OSTO:SEYE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SMTEF:USA SE9:Germany

Address

Forsta Langgatan 28B, Gothenburg, SWE, SE-413 27

Website

https://www.smarteye.se

Smart Eye AB is engaged in developing and marketing eye-tracking technology that can measure and calculate where a person is looking. It is organized into two business areas - Behavioral Research and Automotive.

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