Balco Group AB (FRA:B9C) ROCE % : 4.46% (As of Mar. 2024)

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What is Balco 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. Balco Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.46%.

Balco Group AB ROCE % Historical Data

The historical data trend for Balco 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.

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Balco Group AB ROCE % Chart

Balco Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.37

13.58

12.90

10.46

7.32

Balco 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															9.34	11.29	4.97	2.63	4.46

Balco Group AB ROCE % Calculation

Balco 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 )
	=	6.408	/	( ( (117.941 - 33.771)	+	(113.284 - 22.416) )	/ 2 )
	=	6.408	/	( (84.17	+	90.868)	/ 2 )
	=	6.408	/	87.519
	=	7.32 %

Balco 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 )
	=	4.596	/	( ( (113.284 - 22.416)	+	(150.027 - 34.798) )	/ 2 )
	=	4.596	/	( ( 90.868	+	115.229 )	/ 2 )
	=	4.596	/	103.0485
	=	4.46 %

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

Balco Group AB (FRA:B9C) 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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Balco Group AB (FRA:B9C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Balco Group AB (FRA:B9C) » Definitions » ROCE %

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BALCO:Sweden

Address

Algvagen 4, Vaxjo, SWE, 352 45

Website

https://www.balcogroup.se

Balco Group AB provides expertise in supplying glazed balconies and balcony solutions. It offers customer-adapted and balcony solutions to tenant-owner associations, the public housing sector, private landlords, and construction companies. Its operating segment includes Renovation, New Build, and others. It generates maximum revenue from the Renovation segment. Geographically, it derives a majority of its revenue from Sweden and also has a presence in Germany, Norway, Denmark the United Kingdom, Netherlands, Finland, and Switzerland.

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