Beijer Alma AB (OSTO:BEIA B) ROCE % : 13.90% (As of Mar. 2024)

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What is Beijer Alma 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. Beijer Alma AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.90%.

Beijer Alma AB ROCE % Historical Data

The historical data trend for Beijer Alma 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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Beijer Alma AB ROCE % Chart

Beijer Alma AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.45

16.47

18.22

15.87

15.09

Beijer Alma AB 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															20.58	14.17	15.66	7.26	13.90

Beijer Alma AB ROCE % Calculation

Beijer Alma AB'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 )
	=	937	/	( ( (8156 - 2790)	+	(8373 - 1319) )	/ 2 )
	=	937	/	( (5366	+	7054)	/ 2 )
	=	937	/	6210
	=	15.09 %

Beijer Alma AB'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 )
	=	1016	/	( ( (8373 - 1319)	+	(9052 - 1483) )	/ 2 )
	=	1016	/	( ( 7054	+	7569 )	/ 2 )
	=	1016	/	7311.5
	=	13.90 %

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

Beijer Alma AB (OSTO:BEIA 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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Beijer Alma AB (OSTO:BEIA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijer Alma AB (OSTO:BEIA B) » Definitions » ROCE %

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6O4:Germany

Address

Dragarbrunnsgatan 45, Box 1747, Uppsala, SWE, 751 47

Website

https://www.beijeralma.se

Beijer Alma AB is a Sweden-based industrial group that operates through two subsidiaries: Lesjofors and Beijer Tech. Lesjofors is a manufacturer of springs, wire, and flat-strip components in Europe, North America, and Asia. Beijer Tech focuses on industrial trading and manufacturing in the Nordic region. Beijer Alma's clients come from infrastructure, medical, energy, telecom, chassis springs, and other industrial sectors. The company generates the majority of its sales from the European market.

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