Glaston Oyj (LTS:0IG1) ROCE % : 15.31% (As of Dec. 2023)

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What is Glaston 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. Glaston Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.31%.

Glaston Oyj ROCE % Historical Data

The historical data trend for Glaston 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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Glaston Oyj ROCE % Chart

Glaston Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.41

-1.14

2.39

5.36

8.17

Glaston Oyj 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															7.63	5.58	7.04	4.61	15.31

Glaston Oyj ROCE % Calculation

Glaston Oyj'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 )
	=	7.501	/	( ( (169.498 - 75.784)	+	(169.256 - 79.389) )	/ 2 )
	=	7.501	/	( (93.714	+	89.867)	/ 2 )
	=	7.501	/	91.7905
	=	8.17 %

Glaston Oyj'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 )
	=	13.808	/	( ( (170.654 - 80.11)	+	(169.256 - 79.389) )	/ 2 )
	=	13.808	/	( ( 90.544	+	89.867 )	/ 2 )
	=	13.808	/	90.2055
	=	15.31 %

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

Glaston Oyj (LTS:0IG1) 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.

Glaston Oyj ROCE % Related Terms

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Glaston Oyj (LTS:0IG1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glaston Oyj (LTS:0IG1) » Definitions » ROCE %

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GLA1V:Finland

Address

Lonnrotinkatu 11, Helsinki, FIN, 00120

Website

https://www.glaston.net

Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a wide and technologically advanced range of heat treatment machines, maintenance, upgrade and modernization services, and spare parts for glass flat tempering, bending, bending tempering and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive, and Solar. The business operates in three segments; Heat Treatment, Insulating Glass and Automotive and Display. The Insulating Glass segment generates the majority of its revenue.

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