SinterCast AB (OSTO:SINT) ROCE % : 25.39% (As of Mar. 2024)

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What is SinterCast 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. SinterCast AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.39%.

SinterCast AB ROCE % Historical Data

The historical data trend for SinterCast 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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SinterCast AB ROCE % Chart

SinterCast AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.88

20.12

25.85

26.74

37.80

SinterCast 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															22.33	24.09	61.24	59.30	25.39

SinterCast AB ROCE % Calculation

SinterCast 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 )
	=	43	/	( ( (130.5 - 17.1)	+	(131.6 - 17.5) )	/ 2 )
	=	43	/	( (113.4	+	114.1)	/ 2 )
	=	43	/	113.75
	=	37.80 %

SinterCast 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 )
	=	29.6	/	( ( (131.6 - 17.5)	+	(132.5 - 13.4) )	/ 2 )
	=	29.6	/	( ( 114.1	+	119.1 )	/ 2 )
	=	29.6	/	116.6
	=	25.39 %

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

SinterCast AB (OSTO:SINT) 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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SinterCast AB (OSTO:SINT) Business Description

Industry

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0HW9:UK

Address

Kungsgatan 2, Technical Centre, Katrineholm, SWE, 641 30

Website

https://www.sintercast.com

SinterCast AB is a supplier of process control technology for the reliable high-volume production of Compacted Graphite Iron (CGI). The company has classified its revenue that is Equipment, which includes sold and leased systems, mini-systems, and spare parts; Series Production includes consumables, production fees, and software license fees; Engineering Services, which includes performed engineering services, demonstrations, and sales of test pieces; and Group Sales, which represent delivery to foreign subsidiaries of equipment, and engineering service. The sales of the Series Production category generate maximum revenue for the company. Geographically, it derives the majority of its revenue from Brazil followed by Mexico.