Granges AB (LTS:0R9X) ROCE % : 11.32% (As of Mar. 2024)

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What is Granges 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. Granges AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.32%.

Granges AB ROCE % Historical Data

The historical data trend for Granges 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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Granges AB ROCE % Chart

Granges AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.71

6.67

8.57

10.23

13.10

Granges AB 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															13.21	14.31	13.67	9.41	11.32

Granges AB ROCE % Calculation

Granges AB'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 )
	=	1585	/	( ( (17530 - 5541)	+	(16688 - 4483) )	/ 2 )
	=	1585	/	( (11989	+	12205)	/ 2 )
	=	1585	/	12097
	=	13.10 %

Granges AB'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 )
	=	1424	/	( ( (16688 - 4483)	+	(18027 - 5083) )	/ 2 )
	=	1424	/	( ( 12205	+	12944 )	/ 2 )
	=	1424	/	12574.5
	=	11.32 %

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

Granges AB (LTS:0R9X) 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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Granges AB (LTS:0R9X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granges AB (LTS:0R9X) » Definitions » ROCE %

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GRNG:Sweden

Address

Linnegatan 18, Stockholm, SWE, SE 114 47

Website

https://www.granges.com

Granges AB is a Sweden-based supplier of rolled aluminium products for original equipment manufacturers. It produces heat exchanger applications, specialty packaging, and new rolled product niches. It develops, produces, and markets advanced materials that enhance efficiency in the customers' manufacturing process and the performance of the final products. The firm operates in Europe, Asia, and the Americas, with production facilities in all three regions. Granges generate much of its revenue through contracts with customers based on the added value that Granges calculates from material cost and production complexity. In recent years, the company has put an emphasis on horizontal acquisitions exemplified by its 2020 acquisition of Aluminium Konin, strengthening its position in Europe.

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