Ambea AB (LTS:0RNX) ROCE % : 12.43% (As of Sep. 2024)

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What is Ambea 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. Ambea AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.43%.

Ambea AB ROCE % Historical Data

The historical data trend for Ambea 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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Ambea AB ROCE % Chart

Ambea AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.68

6.82

4.92

5.95

6.62

Ambea AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.07	6.56	7.09	6.78	12.43

Ambea AB ROCE % Calculation

Ambea 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 )
	=	954	/	( ( (17875 - 3272)	+	(17893 - 3661) )	/ 2 )
	=	954	/	( (14603	+	14232)	/ 2 )
	=	954	/	14417.5
	=	6.62 %

Ambea AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1820	/	( ( (18521 - 3763)	+	(18176 - 3649) )	/ 2 )
	=	1820	/	( ( 14758	+	14527 )	/ 2 )
	=	1820	/	14642.5
	=	12.43 %

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

Ambea AB (LTS:0RNX) 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.

Ambea AB ROCE % Related Terms

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Ambea AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ambea AB (LTS:0RNX) » Definitions » ROCE %

Comparable Companies

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AMBEA:Sweden AMBEAs:UK 6MA:Germany

Address

Evenemangsgatan 21, 6 tr, Box 1565, Solna, Stockholm, SWE, SE-171 29

Website

https://www.ambea.se

Ambea AB is a provider of care in Sweden focused on disabled and elderly residential care in its own management units. The company's segment includes Nytida, Vardaga, Stendi, Altiden, and Klara. The Vardaga segment provides elderly care. The Nytida segment offers disability care. The Stendi segment comprises support for children and young people, personal assistance, residential care facilities, elderly care, and home care in Norway. The Altiden segment comprises operations in elderly care and home care; The Klara segment engages in staffing such as temporary doctors, nurses, and other care workers.

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