Concentric AB (OSTO:COIC) ROCE % : 17.00% (As of Mar. 2024)

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What is Concentric 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. Concentric AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.00%.

Concentric AB ROCE % Historical Data

The historical data trend for Concentric 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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Concentric AB ROCE % Chart

Concentric AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.40

15.61

17.63

21.97

17.91

Concentric 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															20.55	16.86	15.61	19.63	17.00

Concentric AB ROCE % Calculation

Concentric 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 )
	=	589	/	( ( (4495 - 1142)	+	(4306 - 1083) )	/ 2 )
	=	589	/	( (3353	+	3223)	/ 2 )
	=	589	/	3288
	=	17.91 %

Concentric 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 )
	=	564	/	( ( (4306 - 1083)	+	(4402 - 988) )	/ 2 )
	=	564	/	( ( 3223	+	3414 )	/ 2 )
	=	564	/	3318.5
	=	17.00 %

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

Concentric AB (OSTO:COIC) 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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Concentric AB (OSTO:COIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Concentric AB (OSTO:COIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0P4X:UK

Address

PO Box 5058, Stockholm, SWE, 102 42

Website

http://www.concentricab.com

Concentric AB is a Sweden-based company active in designing, development, and manufacturing of hydraulic and engine applications for Agriculture Machinery, Construction equipment, Trucks and Industrial applications. It offers solutions to the manufacturers of construction machinery, diesel engines and large trucks. It offers products related to fuel efficiency and reduced emissions. Its products include oil pumps, transmission pumps, coolant pumps, water pumps, compressor pumps, variable flow oil, Licos friction clutches, belt drives, gear pumps and motors, electro-hydraulic steering units, hydraulic power packs, and other products. The company has business segments in two product groups, namely engine products and hydraulic products.

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