Tobin Properties AB (OSTO:TOBIN PREF.PFD) ROCE % : -10.67% (As of Mar. 2019)

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What is Tobin Properties 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. Tobin Properties AB's annualized ROCE % for the quarter that ended in Mar. 2019 was -10.67%.

Tobin Properties AB ROCE % Historical Data

The historical data trend for Tobin Properties 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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Tobin Properties AB ROCE % Chart

Tobin Properties AB Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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5.20

-3.00

10.31

7.23

-0.17

Tobin Properties AB Quarterly Data
	Sep13	Dec13	Sep14	Dec14	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															2.49	1.87	0.46	-6.32	-10.67

Tobin Properties AB ROCE % Calculation

Tobin Properties AB's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-2.368	/	( ( (1799.987 - 156.906)	+	(1812.75 - 696.793) )	/ 2 )
	=	-2.368	/	( (1643.081	+	1115.957)	/ 2 )
	=	-2.368	/	1379.519
	=	-0.17 %

Tobin Properties AB's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	-116.668	/	( ( (1812.75 - 696.793)	+	(1813.288 - 743.319) )	/ 2 )
	=	-116.668	/	( ( 1115.957	+	1069.969 )	/ 2 )
	=	-116.668	/	1092.963
	=	-10.67 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Tobin Properties AB (OSTO:TOBIN PREF.PFD) 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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Tobin Properties AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tobin Properties AB (OSTO:TOBIN PREF.PFD) » Definitions » ROCE %

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Address

Humlegardsgatan 19A, Stockholm, SWE, 114 46

Website

http://www.tobinproperties.se

Tobin Properties AB is a real estate development company. Its project portfolio comprises a total of about 1664 apartments with 109,400 square meters of floor space.

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