Elecster Oyj (OHEL:ELEAV) ROCE % : 7.46% (As of Mar. 2023)

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What is Elecster 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. Elecster Oyj's annualized ROCE % for the quarter that ended in Mar. 2023 was 7.46%.

Elecster Oyj ROCE % Historical Data

The historical data trend for Elecster 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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Elecster Oyj ROCE % Chart

Elecster Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.57

13.81

1.83

11.17

7.32

Elecster Oyj Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial															3.70	7.03	-	7.46	-

Elecster Oyj ROCE % Calculation

Elecster 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 )
	=	2.698	/	( ( (52.64 - 13.747)	+	(48.019 - 13.232) )	/ 2 )
	=	2.698	/	( (38.893	+	34.787)	/ 2 )
	=	2.698	/	36.84
	=	7.32 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	2.848	/	( ( (52.64 - 13.747)	+	(50.644 - 13.169) )	/ 2 )
	=	2.848	/	( ( 38.893	+	37.475 )	/ 2 )
	=	2.848	/	38.184
	=	7.46 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Elecster Oyj (OHEL:ELEAV) 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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Elecster Oyj (OHEL:ELEAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elecster Oyj (OHEL:ELEAV) » Definitions » ROCE %

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Address

Sontulantie 382, PL 39, Akaa, FIN, 37801

Website

http://www.elecster.fi

Elecster Oyj operates as an engineering and manufacturer of dairy machinery and packaging material. It is involved in the supply of product such as ultra-high temperature lines, sterilizers, aseptic, extended shelf life, and pasteurized pouch filling machines, autopackers and related economical and ecological packaging materials. Geographically, the activities are operated through Finland and it also owns packaging material production lines in Finland.

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