Beijer Ref AB (OSTO:BEIJ B) ROCE % : 8.72% (As of Mar. 2024)

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What is Beijer Ref 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. Beijer Ref AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.72%.

Beijer Ref AB ROCE % Historical Data

The historical data trend for Beijer Ref 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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Beijer Ref AB ROCE % Chart

Beijer Ref AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.43

13.98

14.68

15.70

13.84

Beijer Ref 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															12.56	13.02	11.35	7.15	8.72

Beijer Ref AB ROCE % Calculation

Beijer Ref 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 )
	=	3122	/	( ( (21864 - 7930)	+	(39169 - 7973) )	/ 2 )
	=	3122	/	( (13934	+	31196)	/ 2 )
	=	3122	/	22565
	=	13.84 %

Beijer Ref 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 )
	=	2736	/	( ( (39169 - 7973)	+	(41673 - 10136) )	/ 2 )
	=	2736	/	( ( 31196	+	31537 )	/ 2 )
	=	2736	/	31366.5
	=	8.72 %

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

Beijer Ref AB (OSTO:BEIJ B) 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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Beijer Ref AB (OSTO:BEIJ B) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijer Ref AB (OSTO:BEIJ B) » Definitions » ROCE %

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0A0H:UK BRZ0:Germany

Address

Stortorget 8, Malmo, SWE, SE-211 34

Website

https://www.beijerref.com

Beijer Ref AB is a Sweden-based company that trades, distributes, and services refrigeration systems, as well as components for refrigeration systems, air conditioning, and heat pumps. The company serves demands from commercial refrigeration (targeting food stores, shopping malls, hotels, and others), industrial refrigeration (targeting ice rinks, offices, computer rooms, and others), and comfort cooling (targeting private residences, stores, and others). Beijer Ref's sales are primarily made to refrigeration installation contractors, service vendors, building companies, and refrigerator makers. The company generates substantially all of its sales from the European market.

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