Lamor Oyj (OHEL:LAMOR) ROCE % : 6.95% (As of Sep. 2024)

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What is Lamor 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. Lamor Oyj's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.95%.

Lamor Oyj ROCE % Historical Data

The historical data trend for Lamor 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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Lamor Oyj ROCE % Chart

Lamor Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

10.82

7.30

4.26

14.16

11.12

Lamor Oyj Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													10.61	13.99	3.50	5.66	6.95

Lamor Oyj ROCE % Calculation

Lamor 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 )
	=	10.585	/	( ( (134.366 - 49.918)	+	(163.55 - 57.535) )	/ 2 )
	=	10.585	/	( (84.448	+	106.015)	/ 2 )
	=	10.585	/	95.2315
	=	11.12 %

Lamor Oyj'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 )
	=	8.096	/	( ( (184.573 - 67.98)	+	(186.895 - 70.592) )	/ 2 )
	=	8.096	/	( ( 116.593	+	116.303 )	/ 2 )
	=	8.096	/	116.448
	=	6.95 %

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

Lamor Oyj (OHEL:LAMOR) 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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Lamor Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lamor Corp Oyj (OHEL:LAMOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GB9:Germany

Address

Rihkamatori 2, Porvoo, FIN, 06100

Website

https://www.lamor.com

Lamor Corp Oyj is a Finland-based company that provides environmental solutions. It provides its customers with equipment used for oil recovery, waste management, and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste, and tailored and adapted water treatment solutions. Its Geographic areas of business are Europe and Asia, the Americas, the Middle East, and Africa, and the majority of the revenue comes from the Americas.

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