Admicom Oyj (OHEL:ADMCM) ROCE % : 22.98% (As of Dec. 2023)

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What is Admicom 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. Admicom Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.98%.

Admicom Oyj ROCE % Historical Data

The historical data trend for Admicom 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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Admicom Oyj ROCE % Chart

Admicom Oyj Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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47.93

44.42

38.42

28.99

22.96

Admicom Oyj Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									38.63	32.83	21.97	27.44	22.98

Admicom Oyj ROCE % Calculation

Admicom 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 )
	=	8.842	/	( ( (49.611 - 6.485)	+	(40.584 - 6.69) )	/ 2 )
	=	8.842	/	( (43.126	+	33.894)	/ 2 )
	=	8.842	/	38.51
	=	22.96 %

Admicom Oyj's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	7.482	/	( ( (38.605 - 7.376)	+	(40.584 - 6.69) )	/ 2 )
	=	7.482	/	( ( 31.229	+	33.894 )	/ 2 )
	=	7.482	/	32.5615
	=	22.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Admicom Oyj (OHEL:ADMCM) 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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Admicom Oyj (OHEL:ADMCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Admicom Oyj (OHEL:ADMCM) » Definitions » ROCE %

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Address

Väinönkatu 26 A 29, Jyväskylä, FIN

Website

https://www.admicom.fi

Admicom Oyj is a system development company. It provides cloud-based, software as a service-based, and adminet enterprise resource planning system to support small and medium-sized companies to improve competitiveness by automating workplace and office routines seamlessly into accounting. The company serves building engineers, and construction and industrial professionals.

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