Triona AB (NGM:TRIONA) ROCE % : 37.30% (As of Sep. 2023)

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What is Triona 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. Triona AB's annualized ROCE % for the quarter that ended in Sep. 2023 was 37.30%.

Triona AB ROCE % Historical Data

The historical data trend for Triona 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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Triona AB ROCE % Chart

Triona AB Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

11.69

8.59

19.50

Triona AB Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial					29.80	13.29	26.82	-1.99	37.30

Triona AB ROCE % Calculation

Triona AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	14.675	/	( ( (131.748 - 60.018)	+	(125.684 - 46.935) )	/ 2 )
	=	14.675	/	( (71.73	+	78.749)	/ 2 )
	=	14.675	/	75.2395
	=	19.50 %

Triona AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	28.556	/	( ( (136.479 - 62.281)	+	(126.668 - 47.74) )	/ 2 )
	=	28.556	/	( ( 74.198	+	78.928 )	/ 2 )
	=	28.556	/	76.563
	=	37.30 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Triona AB (NGM:TRIONA) 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.

Triona AB ROCE % Related Terms

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Triona AB (NGM:TRIONA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Triona AB (NGM:TRIONA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Box 762, Borlange, SWE, S-781 27

Website

https://www.triona.se

Triona AB is a leading and reliable supplier of innovative IT solutions related to logistics and infrastructure-oriented businesses.

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