Vaxxa AB (XSAT:VAXXA) ROCE % : 10.12% (As of Mar. 2024)

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What is Vaxxa 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. Vaxxa AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.12%.

Vaxxa AB ROCE % Historical Data

The historical data trend for Vaxxa 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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Vaxxa AB ROCE % Chart

Vaxxa AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-169.64

-89.83

-76.20

-349.04

-34.76

Vaxxa AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-83.50	-67.42	-21.92	-21.77	10.12

Vaxxa AB ROCE % Calculation

Vaxxa 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 )
	=	-4.435	/	( ( (17.64 - 3.569)	+	(17.783 - 6.337) )	/ 2 )
	=	-4.435	/	( (14.071	+	11.446)	/ 2 )
	=	-4.435	/	12.7585
	=	-34.76 %

Vaxxa AB'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1.244	/	( ( (17.783 - 6.337)	+	(18.297 - 5.158) )	/ 2 )
	=	1.244	/	( ( 11.446	+	13.139 )	/ 2 )
	=	1.244	/	12.2925
	=	10.12 %

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

Vaxxa AB (XSAT:VAXXA) 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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Vaxxa AB (XSAT:VAXXA) Business Description

Industry

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Comparable Companies

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7WA:Germany

Address

Maskinvagen 27, Norrbotten, Lulea, SWE, 972 54

Website

https://www.vaxxa.se

Vaxxa AB is the auction site for those who want to buy and sell objects in vehicles, machinery, construction and industry. The company want to make it more accessible for both private individuals and companies to sell their objects with the motivation to pave the way for a more circular market. Vaxxa is Sweden's only auction platform where exactly the combination of auction broker and self-service is offered.

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