Cloetta AB (FRA:0CL) ROCE % : 8.58% (As of Mar. 2024)

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What is Cloetta 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. Cloetta AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.58%.

Cloetta AB ROCE % Historical Data

The historical data trend for Cloetta 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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Cloetta AB ROCE % Chart

Cloetta AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.94

7.04

8.62

4.59

8.62

Cloetta 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															5.51	6.10	12.84	9.68	8.58

Cloetta AB ROCE % Calculation

Cloetta 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 )
	=	67.674	/	( ( (938.36 - 155.453)	+	(955.03 - 167.262) )	/ 2 )
	=	67.674	/	( (782.907	+	787.768)	/ 2 )
	=	67.674	/	785.3375
	=	8.62 %

Cloetta 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 )
	=	68.572	/	( ( (955.03 - 167.262)	+	(986.336 - 175.671) )	/ 2 )
	=	68.572	/	( ( 787.768	+	810.665 )	/ 2 )
	=	68.572	/	799.2165
	=	8.58 %

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

Cloetta AB (FRA:0CL) 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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Cloetta AB (FRA:0CL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cloetta AB (FRA:0CL) » Definitions » ROCE %

Comparable Companies

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CLA B:Sweden 0N7X:UK

Address

Landsvagen 50A, Box 2052, Sundbyberg, SWE, 174 02

Website

http://www.cloetta.com

Cloetta AB is a confectionary company in Northern Europe. Its products are sold in more than fifty countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany, and the UK as the main markets. The company's brand portfolio includes Lakerol, Cloetta, CandyKing, Jenkki, Kexchoklad, Malaco, Sportlife, and Red Band. Cloetta has approx. seven production units in five countries.

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