Latvian Forest Co AB (NGM:LATF B) ROCE % : 12.48% (As of Dec. 2024)

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What is Latvian Forest Co 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. Latvian Forest Co AB's annualized ROCE % for the quarter that ended in Dec. 2024 was 12.48%.

Latvian Forest Co AB ROCE % Historical Data

The historical data trend for Latvian Forest Co 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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Latvian Forest Co AB ROCE % Chart

Latvian Forest Co AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.57

31.64

6.81

2.45

5.81

Latvian Forest Co AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.20	-4.13	-9.66	15.37	12.48

Latvian Forest Co AB ROCE % Calculation

Latvian Forest Co AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	28.354	/	( ( (478.114 - 19.956)	+	(520.309 - 3.232) )	/ 2 )
	=	28.354	/	( (458.158	+	517.077)	/ 2 )
	=	28.354	/	487.6175
	=	5.81 %

Latvian Forest Co AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	63.22	/	( ( (499.972 - 3.996)	+	(520.309 - 3.232) )	/ 2 )
	=	63.22	/	( ( 495.976	+	517.077 )	/ 2 )
	=	63.22	/	506.5265
	=	12.48 %

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

Latvian Forest Co AB (NGM:LATF B) 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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Latvian Forest Co AB Business Description

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Address

Ringvagen 22, Enebyberg, SWE, 128 46

Website

http://www.latvianforest.lv

Latvian Forest Co AB is a Swedish company, that purchases and manages forest property in Latvia. The company focuses on the northern/northeastern region of Latvia around the area Valmiera.

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