ELMO Rent AS (OTSE:ELMO) ROCE % : 29.10% (As of Jun. 2023)

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What is ELMO Rent AS 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. ELMO Rent AS's annualized ROCE % for the quarter that ended in Jun. 2023 was 29.10%.

ELMO Rent AS ROCE % Historical Data

The historical data trend for ELMO Rent AS'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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ELMO Rent AS ROCE % Chart

ELMO Rent AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

24.49

12.32

-12.88

-69.18

ELMO Rent AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-22.20	-7.74	-62.69	-55.68	29.10

ELMO Rent AS ROCE % Calculation

ELMO Rent AS'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 )
	=	-1.434	/	( ( (3.011 - 0.917)	+	(3.626 - 1.574) )	/ 2 )
	=	-1.434	/	( (2.094	+	2.052)	/ 2 )
	=	-1.434	/	2.073
	=	-69.18 %

ELMO Rent AS's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0.782	/	( ( (3.626 - 1.574)	+	(4.867 - 1.545) )	/ 2 )
	=	0.782	/	( ( 2.052	+	3.322 )	/ 2 )
	=	0.782	/	2.687
	=	29.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

ELMO Rent AS (OTSE:ELMO) 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.

ELMO Rent AS ROCE % Related Terms

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ELMO Rent AS (OTSE:ELMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kivi 12, Laane-Harju, Paldiski, EST, 76805

Website

https://www.elmorent.ee

ELMO Rent AS is engaged in the provision of green vehicle-sharing services and the development, launching, and scaling of related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

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