co.don AG ROCE
What is the ROCE of co.don AG?
The ROCE of co.don AG is -34.93%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Health Care sector on XETRA compared to co.don AG
What does co.don AG do?
co.don AG engages in cell cultivation for the regenerative treatment of articular cartilage and spinal disc defects worldwide. The company develops, produces, and markets autologous cell therapies for the minimally invasive repair of cartilage damage to knee joints following traumatic or degenerative defects. Its therapies include matrix-associated autologous cartilage transplantation, a biological therapy for the treatment of damaged articular cartilage with the body's own cells; and autologous chondrocyte transplantation for the regeneration of biomechanical load-bearing and pressure-resistant cartilage tissue. co.don AG was founded in 1993 and is headquartered in Teltow, Germany.
Companies with roce similar to co.don AG
- Armada Metals Ltd has ROCE of -35.18%
- Zedge Inc has ROCE of -35.11%
- Aurinia Pharmaceuticals Inc has ROCE of -35.07%
- Purple Innovation Inc has ROCE of -34.98%
- Arizona Metals has ROCE of -34.96%
- Arizona Metals has ROCE of -34.96%
- co.don AG has ROCE of -34.93%
- QuickLogic has ROCE of -34.91%
- DCM has ROCE of -34.91%
- Dash Capital Corp has ROCE of -34.90%
- Acceleron Pharma Inc has ROCE of -34.89%
- Lightbridge Corp has ROCE of -34.80%
- Blue Star Foods has ROCE of -34.80%