Skanska AB (OSTO:SKA B) ROCE % : 3.83% (As of Mar. 2024)

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What is Skanska 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. Skanska AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.83%.

Skanska AB ROCE % Historical Data

The historical data trend for Skanska 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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Skanska AB ROCE % Chart

Skanska AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.70

23.58

14.08

15.79

8.24

Skanska 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															4.35	13.44	5.71	10.19	3.83

Skanska AB ROCE % Calculation

Skanska 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 )
	=	5942	/	( ( (151593 - 82462)	+	(155189 - 80020) )	/ 2 )
	=	5942	/	( (69131	+	75169)	/ 2 )
	=	5942	/	72150
	=	8.24 %

Skanska 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 )
	=	2904	/	( ( (155189 - 80020)	+	(160331 - 83828) )	/ 2 )
	=	2904	/	( ( 75169	+	76503 )	/ 2 )
	=	2904	/	75836
	=	3.83 %

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

Skanska AB (OSTO:SKA 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.

Skanska AB ROCE % Related Terms

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Skanska AB (OSTO:SKA B) Business Description

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SKSBF:USA SKBSY:USA SKABs:UK 0HBT:UK SKNB:Germany SKAB:Czech Republic

Address

Warfvinges vag 25, Stockholm, SWE, 112 74

Website

https://www.group.skanska.com

Skanska AB is one of the world's construction and project development companies. It develops properties and structures in the Nordic region, North America, and elsewhere. The company uses its skills and expertise to develop highways, bridges, mass transit, houses, and logistic centers. Skanska operates in business segments: construction (the majority of total revenue), residential development, commercial property development. It earns contracts and exploits local knowledge of markets, customers, and suppliers to meet clients' needs. Projects range from simple to highly technical and are driven by urbanization in the designated regions. The majority of revenue derives from Europe.

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