Eniro Group AB (OSTO:ENRO) ROCE % : 5.35% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Eniro Group 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. Eniro Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.35%.

Eniro Group AB ROCE % Historical Data

The historical data trend for Eniro Group 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.

* Premium members only.

Eniro Group AB ROCE % Chart

Eniro Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-21.08

-3.62

-15.75

8.57

0.32

Eniro Group 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															1.82	-11.52	12.01	-0.67	5.35

Eniro Group AB ROCE % Calculation

Eniro Group 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 )
	=	2	/	( ( (1081 - 415)	+	(975 - 378) )	/ 2 )
	=	2	/	( (666	+	597)	/ 2 )
	=	2	/	631.5
	=	0.32 %

Eniro Group 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 )
	=	32	/	( ( (975 - 378)	+	(977 - 378) )	/ 2 )
	=	32	/	( ( 597	+	599 )	/ 2 )
	=	32	/	598
	=	5.35 %

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

Eniro Group AB (OSTO:ENRO) 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.

Eniro Group AB ROCE % Related Terms

Thank you for viewing the detailed overview of Eniro Group AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eniro Group AB (OSTO:ENRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Eniro Group AB (OSTO:ENRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EN8A:Germany

Address

Gardsvagen 6, Solna, Stockholm, SWE, 169 70

Website

https://www.enirogroup.com

Eniro Group AB is a search engine company for individuals and companies operating in Sweden, Norway, Denmark, Finland, and Poland. Its operations are divided into three business areas. The Marketing Partner business area offers local small and medium-sized companies a comprehensive range of digital marketing services with the help of both external partnerships and its own local search engines. The Voice business area offers customer service and response service for larger companies in the Nordic region, as well as directory inquiry services. The Venture business area consists of the successful app and other growth initiatives.

Eniro Group AB (OSTO:ENRO) Headlines

No Headlines