Karnell Group AB (OSTO:KARNEL B) ROCE % : 4.92% (As of Mar. 2024)

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What is Karnell Group 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. Karnell Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.92%.

Karnell Group AB ROCE % Historical Data

The historical data trend for Karnell Group 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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Karnell Group AB ROCE % Chart

Karnell Group AB Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

5.48

9.55

16.67

Karnell Group AB Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
ROCE %	-	-	12.44	-	4.92

Karnell Group AB ROCE % Calculation

Karnell Group 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 )
	=	189.2	/	( ( (1281.853 - 287.939)	+	(1600.368 - 324.105) )	/ 2 )
	=	189.2	/	( (993.914	+	1276.263)	/ 2 )
	=	189.2	/	1135.0885
	=	16.67 %

Karnell Group AB'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 )
	=	71.6	/	( ( (1600.368 - 324.105)	+	(2030.5 - 397) )	/ 2 )
	=	71.6	/	( ( 1276.263	+	1633.5 )	/ 2 )
	=	71.6	/	1454.8815
	=	4.92 %

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

Karnell Group AB (OSTO:KARNEL 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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Karnell Group AB (OSTO:KARNEL B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Riddargatan 13D, Stockholm, SWE, 114 51

Website

https://www.karnell.se

Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.

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