Jetpak Top Holding AB (publ) (OSTO:JETPAK) ROCE % : 8.64% (As of Mar. 2024)

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What is Jetpak Top Holding AB (publ) 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. Jetpak Top Holding AB (publ)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 8.64%.

Jetpak Top Holding AB (publ) ROCE % Historical Data

The historical data trend for Jetpak Top Holding AB (publ)'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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Jetpak Top Holding AB (publ) ROCE % Chart

Jetpak Top Holding AB (publ) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.82

8.33

12.24

12.57

6.49

Jetpak Top Holding AB (publ) 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															12.72	-7.01	8.09	12.23	8.64

Jetpak Top Holding AB (publ) ROCE % Calculation

Jetpak Top Holding AB (publ)'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 )
	=	71.156	/	( ( (1314.399 - 225.305)	+	(1321.597 - 218.171) )	/ 2 )
	=	71.156	/	( (1089.094	+	1103.426)	/ 2 )
	=	71.156	/	1096.26
	=	6.49 %

Jetpak Top Holding AB (publ)'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 )
	=	96.236	/	( ( (1321.597 - 218.171)	+	(1350.01 - 225.881) )	/ 2 )
	=	96.236	/	( ( 1103.426	+	1124.129 )	/ 2 )
	=	96.236	/	1113.7775
	=	8.64 %

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

Jetpak Top Holding AB (publ) (OSTO:JETPAK) 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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Jetpak Top Holding AB (publ) (OSTO:JETPAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jetpak Top Holding AB (publ) (OSTO:JETPAK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tornvägen 17 A, Stockholm, SWE, 19060

Website

https://www.jetpak.com

Jetpak Top Holding AB (publ) is a provider of express logistics services. The company is engaged in time-critical logistics. Its operations are divided into Express Air and Express Road segment. The Express segment consists of the air-based courier/logistics services. The Express Road segment consists of the fully ground-based courier/logistics services;. Services offered by the company include courier express, jetpack direct, jetpack nextday, courier logistics, customer specific and linehaul. It provides express logistics services mainly in the Nordic region (Sweden, Norway, Denmark and Finland) it is also present in the Baltics, Benelux, UK and Poland.

Jetpak Top Holding AB (publ) (OSTO:JETPAK) Headlines

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