Investment AB Latour (OSTO:LATO B) ROCE % : 17.63% (As of Mar. 2024)

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What is Investment AB Latour 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. Investment AB Latour's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.63%.

Investment AB Latour ROCE % Historical Data

The historical data trend for Investment AB Latour'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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Investment AB Latour ROCE % Chart

Investment AB Latour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.17

16.26

12.62

10.98

14.36

Investment AB Latour 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															19.52	17.88	6.52	12.80	17.63

Investment AB Latour ROCE % Calculation

Investment AB Latour'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 )
	=	7023	/	( ( (57373 - 10356)	+	(60265 - 9437) )	/ 2 )
	=	7023	/	( (47017	+	50828)	/ 2 )
	=	7023	/	48922.5
	=	14.36 %

Investment AB Latour'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 )
	=	9028	/	( ( (60265 - 9437)	+	(62631 - 11023) )	/ 2 )
	=	9028	/	( ( 50828	+	51608 )	/ 2 )
	=	9028	/	51218
	=	17.63 %

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

Investment AB Latour (OSTO:LATO 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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Investment AB Latour (OSTO:LATO B) Business Description

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LATOBs:UK 0RQP:UK 18LB:Germany

Address

J A Wettergrens Gata 7, P.O. Box 336, Gothenburg, SWE, 401 25

Website

http://www.latour.se

Investment AB Latour is an investment holding company that makes investments in wholly owned industrial operations and a portfolio of securities. Latour has a long-term and activist orientation, with the vast majority of its total net asset value deriving from companies that have been in its portfolio for more than 20 years. The company measures its performance against its benchmark, the Stockholm Stock Exchange's total return index. Its criterion is to invest in companies that have their own products that meet growing international demand. Latour specifically evaluates four trends: demographic development, sustainability, globalization, and competition for limited resources.

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