Fondia Oyj (OHEL:FONDIA) ROCE % : 30.86% (As of Jun. 2023)

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What is Fondia 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. Fondia Oyj's annualized ROCE % for the quarter that ended in Jun. 2023 was 30.86%.

Fondia Oyj ROCE % Historical Data

The historical data trend for Fondia 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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Fondia Oyj ROCE % Chart

Fondia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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29.90

8.12

16.85

5.70

32.23

Fondia Oyj Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial											20.24	-8.44	32.37	45.78	30.86

Fondia Oyj ROCE % Calculation

Fondia Oyj's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2.07	/	( ( (9.191 - 2.846)	+	(10.327 - 3.826) )	/ 2 )
	=	2.07	/	( (6.345	+	6.501)	/ 2 )
	=	2.07	/	6.423
	=	32.23 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1.672	/	( ( (10.327 - 3.826)	+	(9.39 - 5.056) )	/ 2 )
	=	1.672	/	( ( 6.501	+	4.334 )	/ 2 )
	=	1.672	/	5.4175
	=	30.86 %

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

Fondia Oyj (OHEL:FONDIA) 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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Fondia Oyj (OHEL:FONDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fondia Oyj (OHEL:FONDIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lonnrotinkatu 5, Helsinki, FIN, FI-00120

Website

http://www.fondia.com

Fondia Oyj is a Finland based company. The firm provides transaction and finance, taxation, dispute resolution, and various other comprehensive legal services to the companies. Fondia has its geographical footprints in Finland, Sweden, Estonia, and Lithuania.

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