Svitzer Group AS (OCSE:SVITZR) ROCE % : 8.79% (As of Jun. 2024)

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What is Svitzer Group 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. Svitzer Group AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.79%.

Svitzer Group AS ROCE % Historical Data

The historical data trend for Svitzer Group 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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Svitzer Group AS ROCE % Chart

Svitzer Group AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

7.17

7.54

11.63

Svitzer Group AS Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	6.38	20.99	8.79

Svitzer Group AS ROCE % Calculation

Svitzer Group 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 )
	=	1205	/	( ( (14442 - 1156)	+	(14378 - 6937) )	/ 2 )
	=	1205	/	( (13286	+	7441)	/ 2 )
	=	1205	/	10363.5
	=	11.63 %

Svitzer Group 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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	828	/	( ( (14378 - 6937)	+	(12425 - 1020) )	/ 2 )
	=	828	/	( ( 7441	+	11405 )	/ 2 )
	=	828	/	9423
	=	8.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Svitzer Group AS (OCSE:SVITZR) 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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Svitzer Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OCSE:SVITZR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SVZRF:USA SVITZc:UK 9Y1:Germany

Address

Sundkrogsgade 17, Copenhagen, DNK, 2100

Website

https://www.svitzer.com

Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage and Terminal Towage.

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