Pihlajalinna Oyj (FRA:38P) ROCE % : 10.33% (As of Mar. 2024)

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What is Pihlajalinna Oyj 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. Pihlajalinna Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.33%.

Pihlajalinna Oyj ROCE % Historical Data

The historical data trend for Pihlajalinna Oyj'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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Pihlajalinna Oyj ROCE % Chart

Pihlajalinna Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.05

5.71

8.95

2.07

3.82

Pihlajalinna Oyj 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															8.34	3.87	5.53	-2.69	10.33

Pihlajalinna Oyj ROCE % Calculation

Pihlajalinna Oyj'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 )
	=	19.079	/	( ( (661.639 - 160.067)	+	(657.498 - 159.287) )	/ 2 )
	=	19.079	/	( (501.572	+	498.211)	/ 2 )
	=	19.079	/	499.8915
	=	3.82 %

Pihlajalinna Oyj'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 )
	=	50.8	/	( ( (657.498 - 159.287)	+	(651.1 - 165.8) )	/ 2 )
	=	50.8	/	( ( 498.211	+	485.3 )	/ 2 )
	=	50.8	/	491.7555
	=	10.33 %

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

Pihlajalinna Oyj (FRA:38P) 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.

Pihlajalinna Oyj ROCE % Related Terms

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Pihlajalinna Oyj (FRA:38P) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pihlajalinna Oyj (FRA:38P) » Definitions » ROCE %

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PIHLIS:Finland

Address

Kehrasaari B, Tampere, FIN, 33200

Website

https://www.pihlajalinna.fi

Pihlajalinna Oyj is a private provider of healthcare and wellbeing services in Finland. The company is engaged in the business of providing healthcare and social care services to municipalities, hospital districts, companies, insurance companies, and private persons. The service selection includes general practitioner and medical specialist services, occupational healthcare, social and healthcare outsourcing, fitness center services, responsible doctor, and remote consultation services as well as residential services and staffing services.

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