Fortinova Fastigheter AB (OSTO:FNOVA B) ROCE % : 2.10% (As of Sep. 2024)

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What is Fortinova Fastigheter 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. Fortinova Fastigheter AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.10%.

Fortinova Fastigheter AB ROCE % Historical Data

The historical data trend for Fortinova Fastigheter 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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Fortinova Fastigheter AB ROCE % Chart

Fortinova Fastigheter AB Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

ROCE %

7.64

7.52

14.53

Fortinova Fastigheter AB Quarterly Data
	Aug18	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-3.49	-6.51	6.11	5.73	2.10

Fortinova Fastigheter AB ROCE % Calculation

Fortinova Fastigheter AB's annualized ROCE % for the fiscal year that ended in Aug. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	400.2	/	( ( (2442.7 - 720.1)	+	(3974.2 - 188.1) )	/ 2 )
	=	400.2	/	( (1722.6	+	3786.1)	/ 2 )
	=	400.2	/	2754.35
	=	14.53 %

Fortinova Fastigheter 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 )
	=	91.6	/	( ( (5217.3 - 685)	+	(5202.2 - 999) )	/ 2 )
	=	91.6	/	( ( 4532.3	+	4203.2 )	/ 2 )
	=	91.6	/	4367.75
	=	2.10 %

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

Fortinova Fastigheter AB (OSTO:FNOVA 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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Fortinova Fastigheter AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortinova Fastigheter AB (OSTO:FNOVA B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Norrgatan 10, Varberg, SWE, 432 41

Website

https://www.fortinova.se

Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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