AQ Group AB (LTS:0RLO) ROCE % : 19.78% (As of Mar. 2024)

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What is AQ Group 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. AQ Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.78%.

AQ Group AB ROCE % Historical Data

The historical data trend for AQ Group 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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AQ Group AB ROCE % Chart

AQ Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.79

14.64

15.16

13.50

18.76

AQ Group 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															18.22	18.22	17.63	18.30	19.78

AQ Group AB ROCE % Calculation

AQ Group 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 )
	=	802	/	( ( (5704 - 1551)	+	(5960 - 1565) )	/ 2 )
	=	802	/	( (4153	+	4395)	/ 2 )
	=	802	/	4274
	=	18.76 %

AQ Group 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 )
	=	892	/	( ( (5960 - 1565)	+	(6367 - 1743) )	/ 2 )
	=	892	/	( ( 4395	+	4624 )	/ 2 )
	=	892	/	4509.5
	=	19.78 %

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

AQ Group AB (LTS:0RLO) 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.

AQ Group AB ROCE % Related Terms

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AQ Group AB (LTS:0RLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AQ Group AB (LTS:0RLO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AQ:Sweden 7AQ:Germany

Address

Regattagatan 29, Vasteras, SWE, 723 48

Website

https://www.aqg.se

AQ Group AB is a supplier of manufacturing and assembling tool-bound sheet metal and thermoplastic parts to demanding industrial customers. The company's business consists of the System and Component segments. The System segment includes Electric Cabinets and System Products business areas. The Component segment encompasses business areas of Precision stamping and Injection Molding, Inductive Components, Wiring Systems, Sheet Metal Processing as well as Special Technologies and Engineering. Majority of the revenue is derived from Component segment. It operates around the globe with majority revenue from Sweden.

AQ Group AB (LTS:0RLO) Headlines

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