Tomra Systems ASA (LTS:0KV7) ROCE % : 15.91% (As of Sep. 2024)

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What is Tomra Systems 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. Tomra Systems ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.91%.

Tomra Systems ASA ROCE % Historical Data

The historical data trend for Tomra Systems 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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Tomra Systems ASA ROCE % Chart

Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.14

13.37

19.23

15.79

11.00

Tomra Systems ASA 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															9.71	7.19	3.85	15.29	15.91

Tomra Systems ASA ROCE % Calculation

Tomra Systems 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 )
	=	1192.749	/	( ( (13873.785 - 3508.2)	+	(16897.677 - 5577.78) )	/ 2 )
	=	1192.749	/	( (10365.585	+	11319.897)	/ 2 )
	=	1192.749	/	10842.741
	=	11.00 %

Tomra Systems ASA'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 )
	=	1886.368	/	( ( (17162.896 - 5313.413)	+	(17554.996 - 5694.468) )	/ 2 )
	=	1886.368	/	( ( 11849.483	+	11860.528 )	/ 2 )
	=	1886.368	/	11855.0055
	=	15.91 %

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

Tomra Systems ASA (LTS:0KV7) 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.

Tomra Systems ASA ROCE % Related Terms

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Tomra Systems ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (LTS:0KV7) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TMRAY:USA TMRAF:USA TOMo:Sweden TOM:Norway TOMo:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in the business areas of packaging, collection, compaction, recycling, ore sorting and food production. It provides reverse vending machines, sensor-based sorting machines and integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, and TOMRA Food. Geographically, the company generates revenue from Northern Europe, America, Asia, Oceania, and the rest of Europe.

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