Swedish Stirling AB (OSTO:STRLNG) ROCE % : -664.82% (As of Dec. 2022)

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What is Swedish Stirling 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. Swedish Stirling AB's annualized ROCE % for the quarter that ended in Dec. 2022 was -664.82%.

Swedish Stirling AB ROCE % Historical Data

The historical data trend for Swedish Stirling 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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Swedish Stirling AB ROCE % Chart

Swedish Stirling AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-5.72

-31.58

-6.54

-8.24

-176.61

Swedish Stirling AB Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															-9.95	-14.20	-26.29	-204.81	-664.82

Swedish Stirling AB ROCE % Calculation

Swedish Stirling 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 )
	=	-611.443	/	( ( (681.826 - 20.945)	+	(52.062 - 20.538) )	/ 2 )
	=	-611.443	/	( (660.881	+	31.524)	/ 2 )
	=	-611.443	/	346.2025
	=	-176.61 %

Swedish Stirling AB's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-1245.76	/	( ( (373.001 - 29.76)	+	(52.062 - 20.538) )	/ 2 )
	=	-1245.76	/	( ( 343.241	+	31.524 )	/ 2 )
	=	-1245.76	/	187.3825
	=	-664.82 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Swedish Stirling AB (OSTO:STRLNG) 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.

Swedish Stirling AB ROCE % Related Terms

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Swedish Stirling AB (OSTO:STRLNG) Business Description

Industry

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Address

Gruvgatan 35 B, Vastra Frolunda, Gothenburg, SWE, 421 30

Website

https://www.swedishstirling.com

Swedish Stirling AB has developed a hybridized Stirling engine based on a license from Kockums AB. The Stirling engine forms the basis of the company's products Ripasso Stirling Hybrid and PWR BLOK. The Ripasso Stirling Hybrid is a solar hybrid where energy from the sun is supplemented with some other fuel during the dark hours of the day. PWR BLOK is the product from Ripasso Energy towards the market for residual gas.

Swedish Stirling AB (OSTO:STRLNG) Headlines

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