Huhtamaki Oyj (LTS:0K9W) ROCE % : 8.93% (As of Mar. 2024)

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What is Huhtamaki Oyj 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. Huhtamaki Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.93%.

Huhtamaki Oyj ROCE % Historical Data

The historical data trend for Huhtamaki Oyj'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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Huhtamaki Oyj ROCE % Chart

Huhtamaki Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.71

10.23

9.97

11.82

10.83

Huhtamaki Oyj 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															10.00	6.64	11.25	16.89	8.93

Huhtamaki Oyj ROCE % Calculation

Huhtamaki Oyj'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 )
	=	392.3	/	( ( (4821.3 - 1207.7)	+	(4664.9 - 1032.7) )	/ 2 )
	=	392.3	/	( (3613.6	+	3632.2)	/ 2 )
	=	392.3	/	3622.9
	=	10.83 %

Huhtamaki Oyj'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 )
	=	327.6	/	( ( (4664.9 - 1032.7)	+	(4767.6 - 1059.2) )	/ 2 )
	=	327.6	/	( ( 3632.2	+	3708.4 )	/ 2 )
	=	327.6	/	3670.3
	=	8.93 %

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

Huhtamaki Oyj (LTS:0K9W) 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.

Huhtamaki Oyj ROCE % Related Terms

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Huhtamaki Oyj (LTS:0K9W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huhtamaki Oyj (LTS:0K9W) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HOYFF:USA HUH1V:Finland HUKI:Germany

Address

Revontulenkuja 1, Espoo, FIN, 02100

Website

https://www.huhtamaki.com

Huhtamäki Oyj is a Finland-based company engaged in manufacturing and selling consumer packaging products. The company operates in three segments; Fiber Foodservice Europe, Asia, and Oceania segment offer high-quality paperboard and molded fiber packaging for fresh food and beverages, the North America segment serves retail tableware, food service, and consumer goods packaging markets, and The flexible Packaging segment offer light and flexible packaging materials, pouches and labels for food and beverages, coffee packaging, pet food packaging, barrier packaging, retort pouches and packaging for healthcare products.

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