Piippo Oyj (OHEL:PIIPPO) ROCE % : 11.64% (As of Jun. 2021)

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What is Piippo 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. Piippo Oyj's annualized ROCE % for the quarter that ended in Jun. 2021 was 11.64%.

Piippo Oyj ROCE % Historical Data

The historical data trend for Piippo 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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Piippo Oyj ROCE % Chart

Piippo Oyj Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Sep22

ROCE %

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7.17

-0.95

2.99

3.49

7.14

Piippo Oyj Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep22
ROCE %	Get a 7-Day Free Trial											-3.40	9.25	-1.55	11.64	-

Piippo Oyj ROCE % Calculation

Piippo Oyj's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Dec. 2020 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Dec. 2020 )		(A: Sep. 2022 )
	=	0.734	/	( ( (14.297 - 3.817)	+	(21.157 - 11.077) )	/ 2 )
	=	0.734	/	( (10.48	+	10.08)	/ 2 )
	=	0.734	/	10.28
	=	7.14 %

Piippo Oyj's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	1.224	/	( ( (14.297 - 3.817)	+	(17.644 - 7.1) )	/ 2 )
	=	1.224	/	( ( 10.48	+	10.544 )	/ 2 )
	=	1.224	/	10.512
	=	11.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

Piippo Oyj (OHEL:PIIPPO) 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.

Piippo Oyj ROCE % Related Terms

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Piippo Oyj (OHEL:PIIPPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piippo Oyj (OHEL:PIIPPO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sysmajarventie 3, Outokumpu, FIN, 83500

Website

http://www.piippo.fi

Piippo Oyj operates in the agricultural twines, net wraps, synthetic ropes and yarns, cables and wires, among others.

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