Tokmanni Group (LTS:0RG2) ROCE % : -1.23% (As of Mar. 2024)

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What is Tokmanni Group 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. Tokmanni Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.23%.

Tokmanni Group ROCE % Historical Data

The historical data trend for Tokmanni Group'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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Tokmanni Group ROCE % Chart

Tokmanni Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.41

19.20

20.19

14.41

11.89

Tokmanni Group Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.39	18.68	16.47	16.61	-1.23

Tokmanni Group ROCE % Calculation

Tokmanni Group'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 )
	=	94.089	/	( ( (793.823 - 219.321)	+	(1410.334 - 401.648) )	/ 2 )
	=	94.089	/	( (574.502	+	1008.686)	/ 2 )
	=	94.089	/	791.594
	=	11.89 %

Tokmanni Group'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 )
	=	-12.4	/	( ( (1410.334 - 401.648)	+	(0 - 0) )	/ 1 )
	=	-12.4	/	( ( 1008.686	+	0 )	/ 1 )
	=	-12.4	/	1008.686
	=	-1.23 %

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

Tokmanni Group (LTS:0RG2) 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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Tokmanni Group (LTS:0RG2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tokmanni Group Corp (LTS:0RG2) » Definitions » ROCE %

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TOKMAN:Finland TK9:Germany

Address

Isolammintie 1, Mantsala, FIN, 04600

Website

https://www.tokmanni.fi

Tokmanni Group Corp is a general discount retailer in Finland with almost 200 stores across the country, as well as an online store. The company offers its customers an extensive and attractive product selection, low prices, pleasant and inspiring shopping experience in all of its sales channels. It has a wide range of low-priced products for home renovation and cleaning, dressing, and leisure, as well as interior decoration and gardening. Its product selection consists of international brands, the company's private label products, and non-branded products.

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