Addnode Group AB (LTS:0GMG) ROCE % : 16.14% (As of Sep. 2024)

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What is Addnode Group 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. Addnode Group AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.14%.

Addnode Group AB ROCE % Historical Data

The historical data trend for Addnode Group 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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Addnode Group AB ROCE % Chart

Addnode Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.81

13.71

13.90

17.77

11.67

Addnode Group 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															8.10	13.55	18.29	10.86	16.14

Addnode Group AB ROCE % Calculation

Addnode Group 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 )
	=	451	/	( ( (6199 - 2796)	+	(7197 - 2869) )	/ 2 )
	=	451	/	( (3403	+	4328)	/ 2 )
	=	451	/	3865.5
	=	11.67 %

Addnode Group 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 )
	=	684	/	( ( (8089 - 3772)	+	(7805 - 3647) )	/ 2 )
	=	684	/	( ( 4317	+	4158 )	/ 2 )
	=	684	/	4237.5
	=	16.14 %

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

Addnode Group AB (LTS:0GMG) 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.

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Addnode Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Addnode Group AB (LTS:0GMG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ANOD B:Sweden ANODBs:UK AR7:Germany

Address

Norra Stationsgatan 93, Stockholm, SWE, 113 64

Website

http://www.addnodegroup.com

Addnode Group AB is a supplier of software and services for design, construction, and product data information clients in Sweden. Its operations are divided into three business divisions: The Design Management business, which accounts for the maximum share of revenue; The Product Lifecycle Management (PLM) and The Process Management business. The company has its operations in Sweden, the UK, the USA and Germany.

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