OmniCar Holding AB (XSAT:OMNI) ROCE % : -334.65% (As of Sep. 2023)

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What is OmniCar Holding 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. OmniCar Holding AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -334.65%.

OmniCar Holding AB ROCE % Historical Data

The historical data trend for OmniCar Holding 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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OmniCar Holding AB ROCE % Chart

OmniCar Holding AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-91.14

-539.97

-858.34

-1,198.41

OmniCar Holding 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															-562.17	-950.69	-5,986.98	-879.29	-334.65

OmniCar Holding AB ROCE % Calculation

OmniCar Holding 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 )
	=	-43.592	/	( ( (11.336 - 9.17)	+	(27.232 - 22.123) )	/ 2 )
	=	-43.592	/	( (2.166	+	5.109)	/ 2 )
	=	-43.592	/	3.6375
	=	-1,198.41 %

OmniCar Holding 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 )
	=	-26.608	/	( ( (27.119 - 15.953)	+	(19.042 - 14.306) )	/ 2 )
	=	-26.608	/	( ( 11.166	+	4.736 )	/ 2 )
	=	-26.608	/	7.951
	=	-334.65 %

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

OmniCar Holding AB (XSAT:OMNI) 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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OmniCar Holding AB (XSAT:OMNI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OmniCar Holding AB (XSAT:OMNI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

33A:Germany

Address

Valhojs Alle 158, Rødovre, DNK, 2610

Website

https://www.omnicarinvestor.com

OmniCar Holding AB is a Sweden based company engages in the development of a software solution that changes the way the car industry sells cars and after-sale service.

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