ABgax (LTS:0QDX) ROCE % : 14.03% (As of Sep. 2024)

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What is ABgax 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. ABgax's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.03%.

ABgax ROCE % Historical Data

The historical data trend for ABgax'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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ABgax ROCE % Chart

ABgax Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.50

11.75

21.54

5.95

1.31

ABgax 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															5.22	-1.28	8.21	7.46	14.03

ABgax ROCE % Calculation

ABgax'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 )
	=	883	/	( ( (72092 - 4090)	+	(73410 - 6648) )	/ 2 )
	=	883	/	( (68002	+	66762)	/ 2 )
	=	883	/	67382
	=	1.31 %

ABgax'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 )
	=	10404	/	( ( (80488 - 8360)	+	(82915 - 6697) )	/ 2 )
	=	10404	/	( ( 72128	+	76218 )	/ 2 )
	=	10404	/	74173
	=	14.03 %

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

ABgax (LTS:0QDX) 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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ABgax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AB Sagax (LTS:0QDX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAGA D:Sweden SAGA B:Sweden SAGA A:Sweden SAGABs:UK 0Q88:UK

Address

Engelbrektsplan 1, Stockholm, SWE, SE-114 34

Website

https://www.sagax.se

AB Sagax is a property company that invests in commercial properties with a focus on the warehouse and light industry segment. The company owns properties in Sweden, Finland, Germany, and Denmark, with a total rental space of more than 3 million square metres. A significant proportion of the company's real estate portfolio is located in the Stockholm and Helsinki regions. The company's revenue consists primarily of rental income for the provision of premises, of which the majority is derived from the government, municipalities, or companies with significant sales.

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