Swedish Match AB (OSTO:SWMA) ROCE % : 70.60% (As of Sep. 2022)

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What is Swedish Match 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. Swedish Match AB's annualized ROCE % for the quarter that ended in Sep. 2022 was 70.60%.

Swedish Match AB ROCE % Historical Data

The historical data trend for Swedish Match 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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Swedish Match AB ROCE % Chart

Swedish Match AB Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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50.41

53.26

58.23

75.89

80.23

Swedish Match AB Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															82.27	68.91	70.61	74.60	70.60

Swedish Match AB ROCE % Calculation

Swedish Match AB's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	8307	/	( ( (15155 - 5759)	+	(16152 - 4840) )	/ 2 )
	=	8307	/	( (9396	+	11312)	/ 2 )
	=	8307	/	10354
	=	80.23 %

Swedish Match AB's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	9712	/	( ( (18566 - 6251)	+	(21540 - 6344) )	/ 2 )
	=	9712	/	( ( 12315	+	15196 )	/ 2 )
	=	9712	/	13755.5
	=	70.60 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Swedish Match AB (OSTO:SWMA) 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.

Swedish Match AB ROCE % Related Terms

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Swedish Match AB (OSTO:SWMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Swedish Match AB (OSTO:SWMA) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Sveavagen 44, 8th Floor, Stockholm, SWE, SE-118 85

Website

https://www.swedishmatch.com

Swedish Match AB is primarily a smokeless tobacco company. It does not sell cigarettes. Its products include snus, moist snuff, chewing tobacco, cigars, and lighters and matches. Swedish Match's largest markets are Scandinavia and the United States, which collectively account for roughly 85% of the company's total revenue. Key brands include general (snus), longhorn (moist snuff), red Man (chewing tobacco), garcia y vega (cigars), and cricket (lighters). The company produces its products in Sweden, the United States, the Dominican Republic, Brazil, the Netherlands, and the Philippines.

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