Brodrene A & O Johansen AS (LTS:0RNT) ROCE % : 9.97% (As of Jun. 2024)

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What is Brodrene A & O Johansen AS 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. Brodrene A & O Johansen AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.97%.

Brodrene A & O Johansen AS ROCE % Historical Data

The historical data trend for Brodrene A & O Johansen AS'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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Brodrene A & O Johansen AS ROCE % Chart

Brodrene A & O Johansen AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.64

17.73

22.82

22.20

14.62

Brodrene A & O Johansen AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															14.02	15.12	12.18	8.82	9.97

Brodrene A & O Johansen AS ROCE % Calculation

Brodrene A & O Johansen AS'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 )
	=	289.347	/	( ( (3318.32 - 1371.363)	+	(3242.362 - 1231.908) )	/ 2 )
	=	289.347	/	( (1946.957	+	2010.454)	/ 2 )
	=	289.347	/	1978.7055
	=	14.62 %

Brodrene A & O Johansen AS's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	194.832	/	( ( (3305.405 - 1380.788)	+	(3454.378 - 1471.608) )	/ 2 )
	=	194.832	/	( ( 1924.617	+	1982.77 )	/ 2 )
	=	194.832	/	1953.6935
	=	9.97 %

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

Brodrene A & O Johansen AS (LTS:0RNT) 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.

Brodrene A & O Johansen AS ROCE % Related Terms

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Brodrene A & O Johansen AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Brodrene A & O Johansen AS (LTS:0RNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AOJ B:Denmark

Address

Rorvang 3, Albertslund, DNK, 2620

Website

http://www.ao.dk

Brodrene A & O Johansen AS is a distributor of industrial products in Denmark. It provides technical installation materials and supplies to the construction industry in Denmark. Its products include heating plumbing and sanitary ware products, electrical equipment and components, water supply and drainage products. Its clients comprise of plumbers, electricians, building contractors, sewer contractors, construction companies, municipalities, utilities and public institutions. The company follows three sales channels, which are AO Stores, which cater to the local market; Online trading, which offers products through its website and mobile application and competency centers where customers may place orders and get advice and direction as well as offers over the phone.

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