KNCRF (Konecranes Oyj) ROCE % : 25.49% (As of Sep. 2024)

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What is Konecranes 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. Konecranes Oyj's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.49%.

Konecranes Oyj ROCE % Historical Data

The historical data trend for Konecranes 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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Konecranes Oyj ROCE % Chart

Konecranes Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.80

8.03

8.40

8.24

15.11

Konecranes Oyj 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															14.52	16.75	14.39	22.54	25.49

Konecranes Oyj ROCE % Calculation

Konecranes 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 )
	=	451.908	/	( ( (4598.093 - 1568.644)	+	(4964.449 - 2012.977) )	/ 2 )
	=	451.908	/	( (3029.449	+	2951.472)	/ 2 )
	=	451.908	/	2990.4605
	=	15.11 %

Konecranes Oyj'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 )
	=	695.228	/	( ( (4928.31 - 2299.569)	+	(5202.997 - 2377.58) )	/ 2 )
	=	695.228	/	( ( 2628.741	+	2825.417 )	/ 2 )
	=	695.228	/	2727.079
	=	25.49 %

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

Konecranes Oyj (OTCPK:KNCRF) 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.

Konecranes Oyj ROCE % Related Terms

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Konecranes Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Konecranes Oyj (OTCPK:KNCRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KNCRY:USA KCRh:UK 0MET:UK KCR:Finland K34:Germany

Address

Koneenkatu 8, P.O. Box 661, Hyvinkaa, FIN, FI-05801

Website

https://www.konecranes.com

Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company's global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.