Inderes Oyj (OHEL:INDERES) ROCE % : -0.30% (As of Jun. 2023)

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What is Inderes 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. Inderes Oyj's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.30%.

Inderes Oyj ROCE % Historical Data

The historical data trend for Inderes 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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Inderes Oyj ROCE % Chart

Inderes Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

45.55

80.65

44.70

7.44

5.76

Inderes Oyj Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								33.73	-2.25	11.85	-0.30	-

Inderes Oyj ROCE % Calculation

Inderes 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 )
	=	0.635	/	( ( (17.701 - 4.705)	+	(16.966 - 7.904) )	/ 2 )
	=	0.635	/	( (12.996	+	9.062)	/ 2 )
	=	0.635	/	11.029
	=	5.76 %

Inderes 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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-0.036	/	( ( (0 - 0)	+	(17.574 - 5.662) )	/ 1 )
	=	-0.036	/	( ( 0	+	11.912 )	/ 1 )
	=	-0.036	/	11.912
	=	-0.30 %

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

Inderes Oyj (OHEL:INDERES) 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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Inderes Oyj (OHEL:INDERES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inderes Oyj (OHEL:INDERES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Baltic Sea Market 2, Helsinki, FIN, 00180

Website

https://www.inderes.fi

Inderes Oyj mission is to bring listed companies and investors together. The company has more than 150 listed companies as customers, which want to serve owners and the investor community by providing better investor communication. Inderes' investor community includes more than 64,000 active members interested in investing in equities.

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