Epiroc AB (CHIX:EPIAS) ROCE % : 22.18% (As of Sep. 2024)

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What is Epiroc 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. Epiroc AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.18%.

Epiroc AB ROCE % Historical Data

The historical data trend for Epiroc 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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Epiroc AB ROCE % Chart

Epiroc AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.42

21.73

25.57

27.31

26.93

Epiroc 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															26.87	23.75	19.90	19.73	22.18

Epiroc AB ROCE % Calculation

Epiroc 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 )
	=	12815	/	( ( (61780 - 17379)	+	(67784 - 17003) )	/ 2 )
	=	12815	/	( (44401	+	50781)	/ 2 )
	=	12815	/	47591
	=	26.93 %

Epiroc 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 )
	=	13108	/	( ( (81016 - 22762)	+	(81565 - 21615) )	/ 2 )
	=	13108	/	( ( 58254	+	59950 )	/ 2 )
	=	13108	/	59102
	=	22.18 %

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

Epiroc AB (CHIX:EPIAs) 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.

Epiroc AB ROCE % Related Terms

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Epiroc AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Epiroc AB (CHIX:EPIAs) » Definitions » ROCE %

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Address

Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-131 54

Website

https://www.epirocgroup.com

Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company's products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on the Nasdaq Stockholm in June 2018.

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