MT Hojgaard Holding AS (OCSE:MTHH) ROCE % : 38.36% (As of Sep. 2024)

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What is MT Hojgaard Holding 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. MT Hojgaard Holding AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 38.36%.

MT Hojgaard Holding AS ROCE % Historical Data

The historical data trend for MT Hojgaard Holding 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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MT Hojgaard Holding AS ROCE % Chart

MT Hojgaard Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.58

1.55

6.93

14.76

22.75

MT Hojgaard Holding AS 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															30.14	28.34	26.54	34.77	38.36

MT Hojgaard Holding AS ROCE % Calculation

MT Hojgaard Holding 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 )
	=	382.3	/	( ( (4788.5 - 3049.5)	+	(5317.7 - 3696.1) )	/ 2 )
	=	382.3	/	( (1739	+	1621.6)	/ 2 )
	=	382.3	/	1680.3
	=	22.75 %

MT Hojgaard Holding AS'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 )
	=	520	/	( ( (5463.2 - 3947.2)	+	(4831.8 - 3636.4) )	/ 2 )
	=	520	/	( ( 1516	+	1195.4 )	/ 2 )
	=	520	/	1355.7
	=	38.36 %

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

MT Hojgaard Holding AS (OCSE:MTHH) 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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MT Hojgaard Holding AS Business Description

Industry

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Address

Knud Hojgaards Vej 7, Soborg, DNK, 2860

Website

https://www.mth.com

MT Hojgaard Holding AS together with its subsidiaries, operates in the construction and civil engineering industries in the Nordic countries. It develops, constructs, and refurbishes private and public sector buildings; constructs residential, head office, hospital, station, refurbishment, and PPP projects; and builds residential, office, school, and research and laboratory facilities, as well as engages in electrical installation activities. MT Hojgaard, Enemaerke & Petersen and MT Hojgaard Property Development, The Group is engaged in construction and civil works activities in Denmark and internationally. The Group is engaged in international activities in Asia (Maldives and Vietnam).

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