AF Gruppen ASA (FRA:AF8) ROCE % : 36.42% (As of Dec. 2023)

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What is AF Gruppen 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. AF Gruppen ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 36.42%.

AF Gruppen ASA ROCE % Historical Data

The historical data trend for AF Gruppen 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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AF Gruppen ASA ROCE % Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.62

31.30

33.59

29.41

16.38

AF Gruppen ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															56.29	-1.62	23.99	13.47	36.42

AF Gruppen ASA ROCE % Calculation

AF Gruppen 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 )
	=	69.453	/	( ( (1381.303 - 928.034)	+	(1273.181 - 878.458) )	/ 2 )
	=	69.453	/	( (453.269	+	394.723)	/ 2 )
	=	69.453	/	423.996
	=	16.38 %

AF Gruppen ASA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	140.468	/	( ( (1311.312 - 934.667)	+	(1273.181 - 878.458) )	/ 2 )
	=	140.468	/	( ( 376.645	+	394.723 )	/ 2 )
	=	140.468	/	385.684
	=	36.42 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

AF Gruppen ASA (FRA:AF8) 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.

AF Gruppen ASA ROCE % Related Terms

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AF Gruppen ASA (FRA:AF8) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (FRA:AF8) » Definitions » ROCE %

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AGRUF:USA AFGO:Sweden AFG:Norway

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.

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