Metsa Board Oyj (LTS:0O7A) ROCE % : 4.99% (As of Sep. 2024)

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What is Metsa Board 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. Metsa Board Oyj's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.99%.

Metsa Board Oyj ROCE % Historical Data

The historical data trend for Metsa Board 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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Metsa Board Oyj ROCE % Chart

Metsa Board Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.85

11.68

17.16

20.14

4.85

Metsa Board 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															1.10	0.78	4.62	1.84	4.99

Metsa Board Oyj ROCE % Calculation

Metsa Board 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 )
	=	132.9	/	( ( (3403.2 - 549)	+	(3055.1 - 430.1) )	/ 2 )
	=	132.9	/	( (2854.2	+	2625)	/ 2 )
	=	132.9	/	2739.6
	=	4.85 %

Metsa Board 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 )
	=	123.6	/	( ( (2947 - 497.3)	+	(3006 - 504.6) )	/ 2 )
	=	123.6	/	( ( 2449.7	+	2501.4 )	/ 2 )
	=	123.6	/	2475.55
	=	4.99 %

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

Metsa Board Oyj (LTS:0O7A) 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.

Metsa Board Oyj ROCE % Related Terms

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Metsa Board Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Metsa Board Oyj (LTS:0O7A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

METSBh:UK METSB:Finland METSA:Finland MSRB:Germany

Address

Revontulenpuisto 2, Espoo, FIN, 02100

Website

https://www.metsagroup.com/metsaboard

Metsa Board Oyj manufactures and sells a variety of fibre-based products. Its product portfolio includes pulp, boxboard, and linerboard, which are used in foodservice and consumer goods packaging. The company's customers are typically boxboard printers, carton board manufacturers in the food, cosmetics, and pharmaceutical industries, and manufacturers of branded goods and wholesalers. It operates fiber mills that produce its fiber-based products from timber. Most of the revenue is generated in Europe. It also operates in the Americas and the Asia-Pacific region.

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