Hifab Group AB (OSTO:HIFA B) ROCE % : 39.94% (As of Mar. 2024)

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What is Hifab Group 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. Hifab Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 39.94%.

Hifab Group AB ROCE % Historical Data

The historical data trend for Hifab Group 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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Hifab Group AB ROCE % Chart

Hifab Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.75

6.98

-26.19

9.27

25.53

Hifab Group 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															39.64	17.44	6.37	34.08	39.94

Hifab Group AB ROCE % Calculation

Hifab Group 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 )
	=	15.9	/	( ( (140.152 - 87.213)	+	(161.27 - 89.629) )	/ 2 )
	=	15.9	/	( (52.939	+	71.641)	/ 2 )
	=	15.9	/	62.29
	=	25.53 %

Hifab Group 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 )
	=	30	/	( ( (161.27 - 89.629)	+	(166 - 87.4) )	/ 2 )
	=	30	/	( ( 71.641	+	78.6 )	/ 2 )
	=	30	/	75.1205
	=	39.94 %

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

Hifab Group AB (OSTO:HIFA 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.

Hifab Group AB ROCE % Related Terms

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Hifab Group AB (OSTO:HIFA B) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hifab Group AB (OSTO:HIFA B) » Definitions » ROCE %

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Address

Sveavagen 167, P O Box 19090, Stockholm, SWE, SE-104 32

Website

http://www.hifab.se

Hifab Group AB is a Sweden-based project management company. It is primarily engaged in providing project management and advisory services to achieve sustainable development and optimization of the resources. The service offered by the company includes planning management, construction and installation management, environmental control, inspection services, and other services. The company operates in Sweden, Asia, Africa, and the Rest of Europe, out of which the majority of the revenue is generated from Sweden.

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