Scandic Hotels Group AB (FRA:10H) ROCE % : 9.79% (As of Sep. 2024)

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What is Scandic Hotels Group 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. Scandic Hotels Group AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.79%.

Scandic Hotels Group AB ROCE % Historical Data

The historical data trend for Scandic Hotels Group 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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Scandic Hotels Group AB ROCE % Chart

Scandic Hotels Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.31

-13.63

-1.31

5.67

6.10

Scandic Hotels Group 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															10.39	4.41	1.12	7.82	9.79

Scandic Hotels Group AB ROCE % Calculation

Scandic Hotels Group 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 )
	=	246.11	/	( ( (4634.314 - 610.626)	+	(4823.512 - 774.447) )	/ 2 )
	=	246.11	/	( (4023.688	+	4049.065)	/ 2 )
	=	246.11	/	4036.3765
	=	6.10 %

Scandic Hotels Group 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 )
	=	409.056	/	( ( (4997.483 - 836.959)	+	(4969.813 - 769.58) )	/ 2 )
	=	409.056	/	( ( 4160.524	+	4200.233 )	/ 2 )
	=	409.056	/	4180.3785
	=	9.79 %

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

Scandic Hotels Group AB (FRA:10H) 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.

Scandic Hotels Group AB ROCE % Related Terms

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Scandic Hotels Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Scandic Hotels Group AB (FRA:10H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SHOT:Sweden SHOTs:UK 0RD7:UK

Address

Sveavagen 167, P.O. Box 6197, Stockholm, SWE, SE-102 33

Website

https://www.scandichotelsgroup.com

Scandic Hotels Group AB is a Sweden-based company engaged in the operation of hotels. It has a network of hotels in the Nordic market, which creates an offering for guests and customers. The majority of the company revenue comes from Room Restaurant and conferences. Its business is operated through various geographical regions which include Sweden, Finland, Other Europe, Central functions, and Norway.

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