Bonava AB (OSTO:BONAV B) ROCE % : -8.44% (As of Sep. 2024)

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What is Bonava AB 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. Bonava AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.44%.

Bonava AB ROCE % Historical Data

The historical data trend for Bonava AB'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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Bonava AB ROCE % Chart

Bonava AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.40

10.12

8.17

6.28

-6.18

Bonava AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-52.00	18.57	-0.65	1.27	-8.44

Bonava AB ROCE % Calculation

Bonava AB'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 )
	=	-649	/	( ( (25579 - 12612)	+	(19097 - 11044) )	/ 2 )
	=	-649	/	( (12967	+	8053)	/ 2 )
	=	-649	/	10510
	=	-6.18 %

Bonava AB'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 )
	=	-1036	/	( ( (19406 - 6377)	+	(18294 - 6761) )	/ 2 )
	=	-1036	/	( ( 13029	+	11533 )	/ 2 )
	=	-1036	/	12281
	=	-8.44 %

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

Bonava AB (OSTO:BONAV B) 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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Bonava AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Bonava AB (OSTO:BONAV B) » Definitions » ROCE %

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BONAV A:Sweden 0RHA:UK 66B:Germany

Address

Lindhagensgatan 72, Stockholm, SWE, 11218

Website

https://www.bonava.com

Bonava AB is a Swedish residential development company. It acts as a developer of residential housing in northern Europe. The company is engaged in developing and selling affordable and sustainable homes to consumers and investors in selected markets in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia, and Latvia. Bonava provides multi-family housing and single-family housing and develops homes for consumers and investors, such as pension funds, jointly with municipalities and other stakeholders. Its product segments are categorized as Affordable, Core and High-end. Bonava operates in the Berlin, Hamburg, Baltic coast, Saxony, Rhien-Ruhr, Cologne/ Bonn, Rhien-Main and Rhine-Neckar/Stuttgart regions.Key revenue is earned from sales in Germany.

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