Orthex (OHEL:ORTHEX) ROCE % : 17.04% (As of Mar. 2024)

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What is Orthex 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. Orthex's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.04%.

Orthex ROCE % Historical Data

The historical data trend for Orthex'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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Orthex ROCE % Chart

Orthex Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.40

20.91

14.30

6.32

16.40

Orthex Quarterly Data
	Dec18	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														14.74	13.44	23.12	16.23	17.04

Orthex ROCE % Calculation

Orthex'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 )
	=	10.446	/	( ( (81.837 - 19.335)	+	(85.568 - 20.703) )	/ 2 )
	=	10.446	/	( (62.502	+	64.865)	/ 2 )
	=	10.446	/	63.6835
	=	16.40 %

Orthex'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 )
	=	11.036	/	( ( (85.568 - 20.703)	+	(85.231 - 20.53) )	/ 2 )
	=	11.036	/	( ( 64.865	+	64.701 )	/ 2 )
	=	11.036	/	64.783
	=	17.04 %

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

Orthex (OHEL:ORTHEX) 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.

Orthex ROCE % Related Terms

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Orthex (OHEL:ORTHEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Orthex Corp (OHEL:ORTHEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4QU:Germany

Address

Suomalaistentie 7, Espoo, FIN, FI-02270

Website

https://www.orthexgroup.com

Orthex Corp is a Nordic houseware company. It offers a broad assortment of household goods in four product categories: Storage, Kitchen, Home & Yard, and Plant Care. Orthex designs, produces and sells household products with a mission to make consumers' everyday life easier. The company markets and sells its products under three main consumer brands: SmartStore, GastroMax and Orthex. In addition, it sells externally produced kitchen products under the Kokskungen brand. Orthex's geographic market is Europe.

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