Synsam AB (OSTO:SYNSAM) ROCE % : 17.04% (As of Sep. 2024)

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What is Synsam 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. Synsam AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.04%.

Synsam AB ROCE % Historical Data

The historical data trend for Synsam 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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Synsam AB ROCE % Chart

Synsam AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.59

6.77

10.93

8.54

10.23

Synsam AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														16.42	-7.66	9.16	26.62	17.04

Synsam AB ROCE % Calculation

Synsam 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 )
	=	602	/	( ( (8019 - 1794)	+	(8036 - 2489) )	/ 2 )
	=	602	/	( (6225	+	5547)	/ 2 )
	=	602	/	5886
	=	10.23 %

Synsam 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 )
	=	940	/	( ( (8216 - 2705)	+	(8143 - 2619) )	/ 2 )
	=	940	/	( ( 5511	+	5524 )	/ 2 )
	=	940	/	5517.5
	=	17.04 %

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

Synsam AB (OSTO:SYNSAM) 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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Synsam AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Synsam AB (OSTO:SYNSAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Sankt Eriksgatan 60, Stockholm, SWE, 112 34

Website

https://www.synsamgroup.com

Synsam AB is a lifestyle company in optics and eye health in the Nordic region. The company offers various products and services in physical and digital stores such as eye examinations, spectacles, sunglasses, sports spectacles, contact lenses, and accessories in optical retail as well as spectacles subscriptions and related services under the name Synsam Lifestyle. Its stores are operated under the Synsam brand in Sweden, Norway, and Finland and under the Profil Optik brand in Denmark and Iceland. The company comprises four segments: Sweden which generates key revenue, Denmark, Norway, and Finland.

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