Arjo AB (Arjo AB) ROCE % : 8.93% (As of Mar. 2024)

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What is Arjo 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. Arjo AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.93%.

Arjo AB ROCE % Historical Data

The historical data trend for Arjo 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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Arjo AB ROCE % Chart

Arjo AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.59

10.21

12.41

6.99

8.11

Arjo 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															7.60	6.75	6.94	10.58	8.93

Arjo AB ROCE % Calculation

Arjo 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 )
	=	88.032	/	( ( (1538.447 - 445.365)	+	(1505.615 - 428.56) )	/ 2 )
	=	88.032	/	( (1093.082	+	1077.055)	/ 2 )
	=	88.032	/	1085.0685
	=	8.11 %

Arjo 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 )
	=	96.432	/	( ( (1505.615 - 428.56)	+	(1534.871 - 451.144) )	/ 2 )
	=	96.432	/	( ( 1077.055	+	1083.727 )	/ 2 )
	=	96.432	/	1080.391
	=	8.93 %

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

Arjo AB (OTCPK:ARRJF) 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.

Arjo AB ROCE % Related Terms

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Arjo AB (Arjo AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Arjo AB (OTCPK:ARRJF) » Definitions » ROCE %

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Traded in Other Exchanges

ARJO B:Sweden ARJOBs:UK 0HQ8:UK A39:Germany

Address

Hans Michelsensgatan 10, Malmo, SWE, SE-211 20

Website

https://www.arjo.com

Arjo AB is a supplier of medical devices, services, and solutions in Sweden. It serves its services to private and public institutions with acute care and long-term care. The company's offering includes products and solutions for patient handling, hygiene, disinfection, medical beds, therapeutic surfaces, venous thromboembolism (VTE) prevention and diagnostics. It also offers services such as training in connection with product sales. Geographically, it derives a majority of revenue from Western Europe and also has a presence in North America; and the Rest of the World.

Arjo AB (Arjo AB) Headlines

From GuruFocus

Arjo AB to Host Earnings Call

By [email protected] [email protected] • 07-18-2019