Veidekke ASA (OSL:VEI) ROCE % : 3.47% (As of Mar. 2024)

View and export this data going back to 1986. Start your Free Trial

What is Veidekke ASA 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. Veidekke ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.47%.

Veidekke ASA ROCE % Historical Data

The historical data trend for Veidekke ASA'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.

* Premium members only.

Veidekke ASA ROCE % Chart

Veidekke ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.17

16.62

23.33

26.76

28.18

Veidekke ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-9.53	33.25	53.26	46.79	3.47

Veidekke ASA ROCE % Calculation

Veidekke ASA'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 )
	=	1520	/	( ( (17644 - 12334)	+	(18212 - 12733) )	/ 2 )
	=	1520	/	( (5310	+	5479)	/ 2 )
	=	1520	/	5394.5
	=	28.18 %

Veidekke ASA's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	188	/	( ( (18212 - 12733)	+	(18002 - 12656) )	/ 2 )
	=	188	/	( ( 5479	+	5346 )	/ 2 )
	=	188	/	5412.5
	=	3.47 %

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

Veidekke ASA (OSL:VEI) 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.

Veidekke ASA ROCE % Related Terms

Thank you for viewing the detailed overview of Veidekke ASA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Veidekke ASA (OSL:VEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Veidekke ASA (OSL:VEI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VEIO:Sweden 0GF6:UK VK4:Germany

Address

Skabos vei 4, Oslo, NOR, 0278

Website

https://www.veidekke.com

Veidekke ASA is engaged in construction and property development. It constructs building and residential projects, enters civil engineering contracts, and undertakes various infrastructure developments. The company has six operating segments; Construction Norway includes apartment complexes and non-residential buildings, Infrastructure Norway includes road maintenance, railways, power production, and airport, Construction Sweden includes construction projects, including residential units, offices, schools, and cultural buildings, Infrastructure Sweden includes infrastructure, extractive industries, heavy industry, energy, and recycling facilities/landfill, Denmark includes commercial buildings, and Other comprises undistributed costs.