Honkarakenne Oyj (OHEL:HONBS) ROCE % : -1.53% (As of Dec. 2023)

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What is Honkarakenne 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. Honkarakenne Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.53%.

Honkarakenne Oyj ROCE % Historical Data

The historical data trend for Honkarakenne 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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Honkarakenne Oyj ROCE % Chart

Honkarakenne Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.20

17.42

19.47

18.08

-0.74

Honkarakenne Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															17.99	24.13	12.77	-0.99	-1.53

Honkarakenne Oyj ROCE % Calculation

Honkarakenne 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 )
	=	-0.149	/	( ( (36.575 - 15.855)	+	(30.048 - 10.732) )	/ 2 )
	=	-0.149	/	( (20.72	+	19.316)	/ 2 )
	=	-0.149	/	20.018
	=	-0.74 %

Honkarakenne 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 )
	=	-0.298	/	( ( (35.1 - 15.5)	+	(30.048 - 10.732) )	/ 2 )
	=	-0.298	/	( ( 19.6	+	19.316 )	/ 2 )
	=	-0.298	/	19.458
	=	-1.53 %

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

Honkarakenne Oyj (OHEL:HONBS) 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.

Honkarakenne Oyj ROCE % Related Terms

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Honkarakenne Oyj (OHEL:HONBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Honkarakenne Oyj (OHEL:HONBS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongantie 41, Karstula, FIN, FI-43500

Website

https://www.honka.com

Honkarakenne Oyj is a Finnish company engaged in the manufacture and sales of log houses in Finland and abroad. It supplies contemporary log homes, traditional log homes, holiday lodges and log cabins for organic, healthy and ecological living. The company also offers services including Honka design service, building service, and extension service. Its business is divided into two geographical operating segments including Finland and Export. The company derives a majority of its revenue from Finland.

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