Alexandria Group Oyj (OHEL:ALEX) ROCE % : 37.33% (As of Dec. 2023)

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What is Alexandria Group Oyj 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. Alexandria Group Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.33%.

Alexandria Group Oyj ROCE % Historical Data

The historical data trend for Alexandria Group Oyj'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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Alexandria Group Oyj ROCE % Chart

Alexandria Group Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.16

26.68

38.35

16.50

28.70

Alexandria Group Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					35.04	18.60	12.49	21.04	37.33

Alexandria Group Oyj ROCE % Calculation

Alexandria Group Oyj'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 )
	=	10.496	/	( ( (40.138 - 6.292)	+	(45.081 - 5.783) )	/ 2 )
	=	10.496	/	( (33.846	+	39.298)	/ 2 )
	=	10.496	/	36.572
	=	28.70 %

Alexandria Group Oyj's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	13.792	/	( ( (38.9 - 4.3)	+	(45.081 - 5.783) )	/ 2 )
	=	13.792	/	( ( 34.6	+	39.298 )	/ 2 )
	=	13.792	/	36.949
	=	37.33 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Alexandria Group Oyj (OHEL:ALEX) 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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Alexandria Group Oyj (OHEL:ALEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alexandria Group Oyj (OHEL:ALEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3ZL:Germany

Address

Etelaesplanadi 22 A, Helsinki, FIN, 00130

Website

https://www.alexandria.fi

Alexandria Group Oyj formerly Alexandria Pankkiiriliike Oyj is a investment service company in Finland. It specializes in high-quality investment and savings solutions.