Mertiva AB (LTS:0GSH) ROCE % : 4.04% (As of Jun. 2020)

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What is Mertiva 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. Mertiva AB's annualized ROCE % for the quarter that ended in Jun. 2020 was 4.04%.

Mertiva AB ROCE % Historical Data

The historical data trend for Mertiva 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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Mertiva AB ROCE % Chart

Mertiva AB Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Dec16

Dec17

Dec18

Dec19

ROCE %

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-0.09

0.77

153.07

3.21

8.81

Mertiva AB Semi-Annual Data
	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
ROCE %	Get a 7-Day Free Trial															6.88	-0.46	2.54	15.08	4.04

Mertiva AB ROCE % Calculation

Mertiva AB's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	76.992	/	( ( (835.582 - 0)	+	(912.586 - 0) )	/ 2 )
	=	76.992	/	( (835.582	+	912.586)	/ 2 )
	=	76.992	/	874.084
	=	8.81 %

Mertiva AB's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	37.196	/	( ( (912.586 - 0)	+	(943.726 - 12.731) )	/ 2 )
	=	37.196	/	( ( 912.586	+	930.995 )	/ 2 )
	=	37.196	/	921.7905
	=	4.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

Mertiva AB (LTS:0GSH) 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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Mertiva AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mertiva AB (LTS:0GSH) » Definitions » ROCE %

Comparable Companies

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N/A

Address

EdsviksvÃ¤gen 89, Danderyd, Stockholm, SWE, 182 35

Website

http://www.mertiva.se

Mertiva AB is a Swedish investment company. The company focuses on investments it estimates that the relationship between expected return and risk is attractive.

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