Fodelia Oyj (OHEL:FODELIA) ROCE % : 13.31% (As of Dec. 2023)

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What is Fodelia 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. Fodelia Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.31%.

Fodelia Oyj ROCE % Historical Data

The historical data trend for Fodelia 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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Fodelia Oyj ROCE % Chart

Fodelia Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.15

8.12

3.86

12.33

Fodelia Oyj Semi-Annual Data
	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					13.98	5.28	2.45	11.41	13.31

Fodelia Oyj ROCE % Calculation

Fodelia 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 )
	=	2.153	/	( ( (27.548 - 10.078)	+	(26.741 - 9.299) )	/ 2 )
	=	2.153	/	( (17.47	+	17.442)	/ 2 )
	=	2.153	/	17.456
	=	12.33 %

Fodelia 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2.318	/	( ( (27.327 - 9.945)	+	(26.741 - 9.299) )	/ 2 )
	=	2.318	/	( ( 17.382	+	17.442 )	/ 2 )
	=	2.318	/	17.412
	=	13.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Fodelia Oyj (OHEL:FODELIA) 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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Fodelia Oyj (OHEL:FODELIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fodelia Oyj (OHEL:FODELIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tuotetie 1, Pyhanta, FIN, 92930

Website

https://www.fodelia.fi

Fodelia Oyj is a manufacturer of food products in Finland. Its food operations include Real Snacks, a potato chip factory that manufactures potato chips and corn and oat snacks from primarily Finnish raw materials for both the domestic market and exports market; and Feelia a manufacturer of pre-cooked meals.

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