YIT Oyj (YIT Oyj) ROCE % : -1.49% (As of Mar. 2024)

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What is YIT Oyj 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. YIT Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.49%.

YIT Oyj ROCE % Historical Data

The historical data trend for YIT Oyj'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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YIT Oyj ROCE % Chart

YIT Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.87

2.51

3.48

6.05

3.43

YIT Oyj 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															-2.20	2.94	3.85	10.41	-1.49

YIT Oyj ROCE % Calculation

YIT Oyj'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 )
	=	56.707	/	( ( (3063.559 - 1437.5)	+	(3088.332 - 1408.942) )	/ 2 )
	=	56.707	/	( (1626.059	+	1679.39)	/ 2 )
	=	56.707	/	1652.7245
	=	3.43 %

YIT Oyj'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 )
	=	-26.088	/	( ( (3088.332 - 1408.942)	+	(3158.696 - 1332.609) )	/ 2 )
	=	-26.088	/	( ( 1679.39	+	1826.087 )	/ 2 )
	=	-26.088	/	1752.7385
	=	-1.49 %

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

YIT Oyj (OTCPK:YITYY) 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.

YIT Oyj ROCE % Related Terms

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YIT Oyj (YIT Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » YIT Oyj (OTCPK:YITYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YITh:UK 0GKA:UK YIT:Finland YIT:Germany

Address

Panuntie 11, P.O. Box 36, Helsinki, FIN, 00620

Website

https://www.yitgroup.com

YIT Oyj is a Finnish construction service provider. YIT develops and builds apartments and living services, business premises and entire areas. The company has four reportable segments: 1) Housing segment which comprises the development and construction of apartments, entire residential areas and leisure-time residences; 2) Business Premises segment engages in contracting in business premises construction as well as residential construction. 3) Infrastructure segment includes railway and traffic route construction and maintenance, green construction, bridge building and repairing, foundation construction and other earthworks, shoreline and waterworks construction, etc; 4) Property Development segment develops business premises and hybrid projects as well as wind farms.

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