Lassila & Tikanoja Oyj (OHEL:LAT1V) ROCE % : 0.54% (As of Mar. 2024)

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What is Lassila & Tikanoja 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. Lassila & Tikanoja Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.54%.

Lassila & Tikanoja Oyj ROCE % Historical Data

The historical data trend for Lassila & Tikanoja 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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Lassila & Tikanoja Oyj ROCE % Chart

Lassila & Tikanoja Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.49

6.80

10.43

9.79

9.71

Lassila & Tikanoja Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.09	10.46	20.12	6.61	0.54

Lassila & Tikanoja Oyj ROCE % Calculation

Lassila & Tikanoja 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 )
	=	43.8	/	( ( (660.5 - 212.6)	+	(649.9 - 196.1) )	/ 2 )
	=	43.8	/	( (447.9	+	453.8)	/ 2 )
	=	43.8	/	450.85
	=	9.71 %

Lassila & Tikanoja Oyj's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2.4	/	( ( (649.9 - 196.1)	+	(647.2 - 213.4) )	/ 2 )
	=	2.4	/	( ( 453.8	+	433.8 )	/ 2 )
	=	2.4	/	443.8
	=	0.54 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Lassila & Tikanoja Oyj (OHEL:LAT1V) 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.

Lassila & Tikanoja Oyj ROCE % Related Terms

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Lassila & Tikanoja Oyj (OHEL:LAT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Lassila & Tikanoja Oyj (OHEL:LAT1V) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LT5:Germany

Address

Valimotie 27, Helsinki, FIN, FIN-00380

Website

https://www.lt.fi

Lassila & Tikanoja Oyj provides waste management and recycling operations, cleaning and repair services, construction, and other environment-related activities. It works to reduce waste, extend useful lives of properties, recover materials, and reduce energy consumption. The company manages different forms of waste, including electrical equipment and paper. The waste is transformed into raw materials and fuel for power plants. Lassila & Tikanoja has four primary business divisions: environmental services, industrial services, facility services, and renewable energy sources. Cleaning staff become familiar with customers' premises and perform environmentally friendly cleaning methods. In addition, the company provides maintenance and installation for technical equipment and machinery.

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