Eevia Health (XSAT:EEVIA) ROCE % : -37.20% (As of Mar. 2024)

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What is Eevia Health 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. Eevia Health's annualized ROCE % for the quarter that ended in Mar. 2024 was -37.20%.

Eevia Health ROCE % Historical Data

The historical data trend for Eevia Health'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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Eevia Health ROCE % Chart

Eevia Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-25.38

-83.91

-111.77

-38.64

Eevia Health Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial												-49.47	6.33	46.66	-17.04	-37.20

Eevia Health ROCE % Calculation

Eevia Health'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 )
	=	-15.556	/	( ( (87.692 - 47.574)	+	(80.55 - 40.16) )	/ 2 )
	=	-15.556	/	( (40.118	+	40.39)	/ 2 )
	=	-15.556	/	40.254
	=	-38.64 %

Eevia Health'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-19.464	/	( ( (76.411 - 14.326)	+	(63.181 - 20.619) )	/ 2 )
	=	-19.464	/	( ( 62.085	+	42.562 )	/ 2 )
	=	-19.464	/	52.3235
	=	-37.20 %

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

Eevia Health (XSAT:EEVIA) 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.

Eevia Health ROCE % Related Terms

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Eevia Health (XSAT:EEVIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Eevia Health PLC (XSAT:EEVIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Koulukatu 14, Seinajoki, FIN, FI-60100

Website

https://www.eeviahealth.com

Eevia Health PLC is a manufacturer of health-promoting extracts extracted from berries, mushrooms, and bark from the Nordic forests. Its products include Bilberry Extracts, Chaga Extracts, Pine Bark Extracts, and Lingonberry extracts among others.

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