Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) ROCE % : 1.26% (As of Mar. 2024)

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What is Svenska Nyttobostader 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. Svenska Nyttobostader AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.26%.

Svenska Nyttobostader AB ROCE % Historical Data

The historical data trend for Svenska Nyttobostader 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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Svenska Nyttobostader AB ROCE % Chart

Svenska Nyttobostader AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

9.01

6.28

22.50

-0.71

Svenska Nyttobostader AB Quarterly Data
	Jun19	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														-12.20	-0.46	0.48	-40.43	1.26

Svenska Nyttobostader AB ROCE % Calculation

Svenska Nyttobostader AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-30	/	( ( (4007 - 280)	+	(5023 - 332) )	/ 2 )
	=	-30	/	( (3727	+	4691)	/ 2 )
	=	-30	/	4209
	=	-0.71 %

Svenska Nyttobostader 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 )
	=	60	/	( ( (7081 - 2347)	+	(7028 - 2226) )	/ 2 )
	=	60	/	( ( 4734	+	4802 )	/ 2 )
	=	60	/	4768
	=	1.26 %

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

Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) 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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Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) » Definitions » ROCE %

Traded in Other Exchanges

NYTTO:Sweden 62W:Germany

Address

Regeringsgatan 59, Stockholm, SWE, 111 59

Website

https://www.nyttobostader.se

Svenska Nyttobostader AB owns and manages newly constructed residential properties in Stockholm. The company offer its properties to private individuals, companies and authorities on rent.

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