Axfood AB (FRA:AXL1) ROCE % : 25.13% (As of Sep. 2024)

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What is Axfood 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. Axfood AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.13%.

Axfood AB ROCE % Historical Data

The historical data trend for Axfood 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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Axfood AB ROCE % Chart

Axfood AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.99

24.96

24.21

21.93

20.93

Axfood 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															27.50	19.19	20.87	21.73	25.13

Axfood AB ROCE % Calculation

Axfood 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 )
	=	303.593	/	( ( (2603.14 - 1159.124)	+	(2683.523 - 1226.35) )	/ 2 )
	=	303.593	/	( (1444.016	+	1457.173)	/ 2 )
	=	303.593	/	1450.5945
	=	20.93 %

Axfood 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 )
	=	359.732	/	( ( (2697.971 - 1290.608)	+	(2619.057 - 1163.311) )	/ 2 )
	=	359.732	/	( ( 1407.363	+	1455.746 )	/ 2 )
	=	359.732	/	1431.5545
	=	25.13 %

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

Axfood AB (FRA:AXL1) 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.

Axfood AB ROCE % Related Terms

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Axfood AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Axfood AB (FRA:AXL1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AXFO:Sweden AXFOs:UK 0R6R:UK

Address

Solnavagen 4, Stockholm, SWE, 113 65

Website

https://www.axfood.se

Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.

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