Addtech AB (OSTO:ADDT B) ROCE % : 20.97% (As of Dec. 2023)

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What is Addtech AB 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. Addtech AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.97%.

Addtech AB ROCE % Historical Data

The historical data trend for Addtech AB'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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Addtech AB ROCE % Chart

Addtech AB Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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25.72

23.52

16.30

22.06

24.75

Addtech AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.67	25.61	22.82	22.99	20.97

Addtech AB ROCE % Calculation

Addtech AB's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	2138	/	( ( (12427 - 5209)	+	(15271 - 5212) )	/ 2 )
	=	2138	/	( (7218	+	10059)	/ 2 )
	=	2138	/	8638.5
	=	24.75 %

Addtech AB'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2256	/	( ( (16293 - 5590)	+	(16068 - 5250) )	/ 2 )
	=	2256	/	( ( 10703	+	10818 )	/ 2 )
	=	2256	/	10760.5
	=	20.97 %

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

Addtech AB (OSTO:ADDT B) 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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Addtech AB (OSTO:ADDT B) Business Description

Industry

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ADDTBs:UK 0QI7:UK AZZ2:Germany

Address

Birger Jarlsgatan 43, Box 5112, Stockholm, SWE, SE-102 43

Website

https://www.addtech.com

Addtech AB is a group of businesses offering high-tech products and solutions to customers in the manufacturing and infrastructure sectors. The company's segment includes Automation; Electrification; Energy; Industrial Solutions and Process Technology. It generates maximum revenue from the Energy segment. Energy produces and sells products for electricity transmission, electrical installation, and safety products in transport.

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