Amber Grid AB (OVSE:AMG1L) ROCE % : 8.20% (As of Mar. 2024)

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What is Amber Grid 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. Amber Grid AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.20%.

Amber Grid AB ROCE % Historical Data

The historical data trend for Amber Grid 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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Amber Grid AB ROCE % Chart

Amber Grid AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.91

6.55

8.60

6.96

6.00

Amber Grid 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															4.59	16.96	6.83	10.01	8.20

Amber Grid AB ROCE % Calculation

Amber Grid 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 )
	=	15.498	/	( ( (548.356 - 285.775)	+	(333.389 - 79.771) )	/ 2 )
	=	15.498	/	( (262.581	+	253.618)	/ 2 )
	=	15.498	/	258.0995
	=	6.00 %

Amber Grid 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 )
	=	20.924	/	( ( (333.389 - 79.771)	+	(330.483 - 73.886) )	/ 2 )
	=	20.924	/	( ( 253.618	+	256.597 )	/ 2 )
	=	20.924	/	255.1075
	=	8.20 %

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

Amber Grid AB (OVSE:AMG1L) 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.

Amber Grid AB ROCE % Related Terms

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Amber Grid AB (OVSE:AMG1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Amber Grid AB (OVSE:AMG1L) » Definitions » ROCE %

Traded in Other Exchanges

AMH:Germany

Address

Laisv?s pr. 10, Vilnius, LTU, LT-04215

Website

https://www.ambergrid.lt

Amber Grid AB is a part of the oil and gas sector. It is a natural gas transmission system operator in Lithuania. It is responsible for maintaining the natural gas transmission system for users of the natural gas infrastructure, operation, maintenance, and development. The company's transmission system mainly consists of gas pipelines, gas compressor stations, metering stations and distribution pipelines corrosion protection devices, data transmission, and communication systems. The company reports in two segments that are natural gas transmission operations and natural gas exchange operator activities, out of which the majority of revenue comes from natural gas transmission operations.

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