JLT Mobile Computers AB (OSTO:JLT) ROCE % : -8.93% (As of Jun. 2024)

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What is JLT Mobile Computers 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. JLT Mobile Computers AB's annualized ROCE % for the quarter that ended in Jun. 2024 was -8.93%.

JLT Mobile Computers AB ROCE % Historical Data

The historical data trend for JLT Mobile Computers 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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JLT Mobile Computers AB ROCE % Chart

JLT Mobile Computers AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.41

3.43

15.36

9.79

3.58

JLT Mobile Computers AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-17.28	-21.56	38.21	5.53	-8.93

JLT Mobile Computers AB ROCE % Calculation

JLT Mobile Computers 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 )
	=	2.123	/	( ( (124.494 - 62.859)	+	(97.197 - 40.358) )	/ 2 )
	=	2.123	/	( (61.635	+	56.839)	/ 2 )
	=	2.123	/	59.237
	=	3.58 %

JLT Mobile Computers AB's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-5.2	/	( ( (103.2 - 44.3)	+	(96.8 - 39.2) )	/ 2 )
	=	-5.2	/	( ( 58.9	+	57.6 )	/ 2 )
	=	-5.2	/	58.25
	=	-8.93 %

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

JLT Mobile Computers AB (OSTO:JLT) 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.

JLT Mobile Computers AB ROCE % Related Terms

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JLT Mobile Computers AB Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » JLT Mobile Computers AB (OSTO:JLT) » Definitions » ROCE %

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Address

Isbjornsvagen 3, Vaxjo, SWE, SE-352 45

Website

https://www.jltmobile.com

JLT Mobile Computers AB is a Sweden based company engaged in the manufacturing of rugged mobile computers. It is engaged in the development, manufacture, and marketing of rugged vehicle-mounted computers and mobile handheld tablet computers. The computers are manufactured to withstand environmental conditions like moisture, dust, vibrations, electromagnetic fields or extreme temperatures. The company's products are used in many industries, including warehousing, ports, agriculture, and mining. The company conducts sales in three geographic regions: the Nordics, EMEA (Europe excluding the Nordics, plus the Middle East and Africa) and the Americas (North and South America).

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