Saga Furs Oyj (OHEL:SAGCV) ROCE % : 9.32% (As of Oct. 2023)

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What is Saga Furs 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. Saga Furs Oyj's annualized ROCE % for the quarter that ended in Oct. 2023 was 9.32%.

Saga Furs Oyj ROCE % Historical Data

The historical data trend for Saga Furs 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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Saga Furs Oyj ROCE % Chart

Saga Furs Oyj Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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2.98

-9.55

19.15

1.64

7.17

Saga Furs Oyj Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															19.62	-1.50	4.96	5.05	9.32

Saga Furs Oyj ROCE % Calculation

Saga Furs Oyj's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	6.751	/	( ( (127.817 - 34.636)	+	(119.446 - 24.38) )	/ 2 )
	=	6.751	/	( (93.181	+	95.066)	/ 2 )
	=	6.751	/	94.1235
	=	7.17 %

Saga Furs Oyj's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	8.786	/	( ( (125.781 - 32.218)	+	(119.446 - 24.38) )	/ 2 )
	=	8.786	/	( ( 93.563	+	95.066 )	/ 2 )
	=	8.786	/	94.3145
	=	9.32 %

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

Saga Furs Oyj (OHEL:SAGCV) 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.

Saga Furs Oyj ROCE % Related Terms

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Saga Furs Oyj (OHEL:SAGCV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Saga Furs Oyj (OHEL:SAGCV) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Martinkylantie 48, Vantaa, FIN, 01720

Website

http://www.sagafurs.com

Saga Furs Oyj is a fur auction company.

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