Stockmann Oyj Abp (OHEL:0MW1) ROCE % : -1.98% (As of Mar. 2024)

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What is Stockmann Oyj Abp 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. Stockmann Oyj Abp's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.98%.

Stockmann Oyj Abp ROCE % Historical Data

The historical data trend for Stockmann Oyj Abp'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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Stockmann Oyj Abp ROCE % Chart

Stockmann Oyj Abp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.69

-27.30

13.98

19.59

8.26

Stockmann Oyj Abp 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															-0.85	13.48	9.11	11.80	-1.98

Stockmann Oyj Abp ROCE % Calculation

Stockmann Oyj Abp'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 )
	=	80.2	/	( ( (1282.9 - 361.2)	+	(1310.2 - 289.8) )	/ 2 )
	=	80.2	/	( (921.7	+	1020.4)	/ 2 )
	=	80.2	/	971.05
	=	8.26 %

Stockmann Oyj Abp'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 )
	=	-20	/	( ( (1310.2 - 289.8)	+	(1278.2 - 275.3) )	/ 2 )
	=	-20	/	( ( 1020.4	+	1002.9 )	/ 2 )
	=	-20	/	1011.65
	=	-1.98 %

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

Stockmann Oyj Abp (OHEL:0MW1) 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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Stockmann Oyj Abp (OHEL:0MW1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Stockmann Oyj Abp (OHEL:0MW1) » Definitions » ROCE %

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STOCKA:Finland

Address

Aleksanterinkatu 52, Helsinki, FIN, FI-00100

Website

https://www.stockmanngroup.com

Stockmann Oyj Abp is a retail trader based in Finland. It sells variants of products and operates under two divisions, which are Lindex and Stockmann. Stockmann has a further classification of Stockmann Retail and Real estate. Stockmann Retail includes non-food department store operations in Finland and non-food and food operations in the Baltic countries. It offers an extensive product range and customer service expertise in an international shopping environment. The Real Estate comprises the properties owned by the Group in Helsinki, St Petersburg, Tallinn, and Riga. The company operates its fashion chains segment through Lindex, which has a wide network of shops and e-commerce businesses throughout the European Union and Norway.

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