Kid ASA (FRA:97Q) ROCE % : 1.86% (As of Mar. 2024)

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What is Kid ASA 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. Kid ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.86%.

Kid ASA ROCE % Historical Data

The historical data trend for Kid ASA'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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Kid ASA ROCE % Chart

Kid ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.95

19.31

21.09

13.83

16.55

Kid ASA 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															-5.14	9.22	19.83	41.66	1.86

Kid ASA ROCE % Calculation

Kid ASA'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 )
	=	41.727	/	( ( (333.064 - 80.702)	+	(343.228 - 91.283) )	/ 2 )
	=	41.727	/	( (252.362	+	251.945)	/ 2 )
	=	41.727	/	252.1535
	=	16.55 %

Kid ASA'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 )
	=	4.796	/	( ( (343.228 - 91.283)	+	(347.496 - 82.481) )	/ 2 )
	=	4.796	/	( ( 251.945	+	265.015 )	/ 2 )
	=	4.796	/	258.48
	=	1.86 %

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

Kid ASA (FRA:97Q) 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.

Kid ASA ROCE % Related Terms

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Kid ASA (FRA:97Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kid ASA (FRA:97Q) » Definitions » ROCE %

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KIDo:Sweden KID:Norway

Address

Gilhusveien 1, Gullaug, NOR, N-3426

Website

https://www.kid.no/en

Kid ASA is a home textile retailer in Norway. The company offers a full range of home and interior products which includes textiles, curtains, bed linens and other interior products. It sells its products through its own stores as well as through an online sales platform under the brand of Dekosol and Nordun. Traditional products of the company account for a majority of its revenue and the remaining part gets covered by trend line products. The majority of its revenue comes from Norway region stores.

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