Lindab International AB (OSTO:LIAB) ROCE % : 8.62% (As of Sep. 2024)

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What is Lindab International 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. Lindab International AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.62%.

Lindab International AB ROCE % Historical Data

The historical data trend for Lindab International 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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Lindab International AB ROCE % Chart

Lindab International AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.14

10.88

16.72

14.48

11.08

Lindab International 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															12.63	9.58	7.04	10.67	8.62

Lindab International AB ROCE % Calculation

Lindab International 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 )
	=	1188	/	( ( (12957 - 2512)	+	(13559 - 2560) )	/ 2 )
	=	1188	/	( (10445	+	10999)	/ 2 )
	=	1188	/	10722
	=	11.08 %

Lindab International 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 )
	=	1100	/	( ( (15957 - 3181)	+	(15885 - 3126) )	/ 2 )
	=	1100	/	( ( 12776	+	12759 )	/ 2 )
	=	1100	/	12767.5
	=	8.62 %

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

Lindab International AB (OSTO:LIAB) 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.

Lindab International AB ROCE % Related Terms

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Lindab International AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lindab International AB (OSTO:LIAB) » Definitions » ROCE %

Comparable Companies

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LIABs:UK 0MWK:UK L5E:Germany

Address

Stalhogavagen 115, Bastad, SWE, SE-269 82

Website

https://www.lindabgroup.com

Lindab International AB provides products and system solutions that are used to simplify the construction of properties and improve the indoor climate. The company operates through two segments namely Ventilation Systems and Profile Systems. Ventilation Systems offers air duct systems with accessories and indoor climate solutions for ventilation, cooling, and heating to installers and other customers in the ventilation industry. Profile Systems offers the construction industry products and systems in sheet metal for rainwater systems, roof, and wall products as well as steel profiles for wall, roof, and beam constructions. The majority of revenue is from the Ventilation segment. Geographically, the majority is from Sweden.