Finepart Sweden AB (XSAT:FINE) ROCE % : -152.23% (As of Dec. 2023)

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What is Finepart Sweden 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. Finepart Sweden AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -152.23%.

Finepart Sweden AB ROCE % Historical Data

The historical data trend for Finepart Sweden 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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Finepart Sweden AB ROCE % Chart

Finepart Sweden AB Annual Data

Trend

Aug13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.61

-32.20

-44.14

8.60

-83.71

Finepart Sweden 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															-65.68	-16.31	-90.55	-68.29	-152.23

Finepart Sweden AB ROCE % Calculation

Finepart Sweden 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 )
	=	-12.79	/	( ( (30.811 - 7.643)	+	(23.713 - 16.323) )	/ 2 )
	=	-12.79	/	( (23.168	+	7.39)	/ 2 )
	=	-12.79	/	15.279
	=	-83.71 %

Finepart Sweden 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 )
	=	-17.012	/	( ( (29.826 - 14.866)	+	(23.713 - 16.323) )	/ 2 )
	=	-17.012	/	( ( 14.96	+	7.39 )	/ 2 )
	=	-17.012	/	11.175
	=	-152.23 %

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

Finepart Sweden AB (XSAT:FINE) 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.

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Finepart Sweden AB (XSAT:FINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Finepart Sweden AB (XSAT:FINE) » Definitions » ROCE %

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Address

Rinnavagen 6, Bollebygd, SWE, SE-51733

Website

http://www.finepart.com

Finepart Sweden AB provides fine and micro-abrasive waterjet machine for precision and micro cutting, drilling, milling and turning. The company products are used in medical technology, aerospace applications, fibre reinforced products, and micro components. Its product includes finecut WMC 500II, finecut options, and finespin.

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