Caverion Oyj (LTS:0QFC) ROCE % : 17.86% (As of Mar. 2024)

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What is Caverion 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. Caverion Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.86%.

Caverion Oyj ROCE % Historical Data

The historical data trend for Caverion 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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Caverion Oyj ROCE % Chart

Caverion Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.07

4.79

8.17

12.90

15.81

Caverion Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.62	7.03	20.45	21.41	17.86

Caverion Oyj ROCE % Calculation

Caverion 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 )
	=	77.4	/	( ( (1424.7 - 876.3)	+	(1397.7 - 967.1) )	/ 2 )
	=	77.4	/	( (548.4	+	430.6)	/ 2 )
	=	77.4	/	489.5
	=	15.81 %

Caverion Oyj's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	84.8	/	( ( (1397.7 - 967.1)	+	(1346.8 - 828) )	/ 2 )
	=	84.8	/	( ( 430.6	+	518.8 )	/ 2 )
	=	84.8	/	474.7
	=	17.86 %

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

Caverion Oyj (LTS:0QFC) 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.

Caverion Oyj ROCE % Related Terms

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Caverion Oyj (LTS:0QFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Caverion Oyj (LTS:0QFC) » Definitions » ROCE %

Comparable Companies

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CAV1V:Finland C7O:Germany

Address

Torpantie 2, Vantaa, FIN, 01650

Website

https://www.caverion.com

Caverion Oyj is a Finland-based service company. It designs, builds, operates, and maintains user-friendly and energy-efficient technical solutions for buildings and industries throughout the life cycle of the property. Caverion's services are used in offices and retail properties, public premises, industrial plants, and infrastructure, among other places. It operates in two business units: Services and Projects. It generates the majority of its revenue from the Services segment. Some of its Products and Services include Consulting, Technical Maintenance, Lifecycle Management, Smart Solutions & Analytics services, Industrial Services centers, and Facility management. Its geographical segments include Sweden, Finland, Germany, Norway, Industry, Austria, Denmark, and Other countries.

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