AFXXF (Afry AB) ROCE % : 17.32% (As of Sep. 2024)

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What is Afry 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. Afry AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.32%.

Afry AB ROCE % Historical Data

The historical data trend for Afry 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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Afry AB ROCE % Chart

Afry AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.93

8.51

8.48

7.09

9.57

Afry AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															18.89	-29.83	12.89	11.91	17.32

Afry AB ROCE % Calculation

Afry 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 )
	=	176.747	/	( ( (2697.63 - 869.243)	+	(2746.451 - 881.59) )	/ 2 )
	=	176.747	/	( (1828.387	+	1864.861)	/ 2 )
	=	176.747	/	1846.624
	=	9.57 %

Afry AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	335.908	/	( ( (2719.176 - 802.899)	+	(2745.234 - 781.895) )	/ 2 )
	=	335.908	/	( ( 1916.277	+	1963.339 )	/ 2 )
	=	335.908	/	1939.808
	=	17.32 %

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

Afry AB (OTCPK:AFXXF) 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.

Afry AB ROCE % Related Terms

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Afry AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AFRY:Sweden 0QUU:UK B3Y1:Germany

Address

Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99

Website

https://www.afry.com

Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and can serve all regions of the world. The business divisions are Industrial & Digital Solutions, Infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. It also offers engineering, design, and advisory services across three main sectors: infrastructure, industry, and energy. It generates the majority of its revenue from the Infrastructure segment.