Alleima AB (Alleima AB) ROCE % : 3.79% (As of Mar. 2024)

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What is Alleima 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. Alleima AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.79%.

Alleima AB ROCE % Historical Data

The historical data trend for Alleima 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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Alleima AB ROCE % Chart

Alleima AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.27

5.99

11.34

11.53

11.93

Alleima AB Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									24.42	7.63	5.01	13.33	3.79

Alleima AB ROCE % Calculation

Alleima 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 )
	=	209.113	/	( ( (2254.673 - 499.518)	+	(2241.85 - 490.076) )	/ 2 )
	=	209.113	/	( (1755.155	+	1751.774)	/ 2 )
	=	209.113	/	1753.4645
	=	11.93 %

Alleima 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 )
	=	66.084	/	( ( (2241.85 - 490.076)	+	(2227.484 - 492.062) )	/ 2 )
	=	66.084	/	( ( 1751.774	+	1735.422 )	/ 2 )
	=	66.084	/	1743.598
	=	3.79 %

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

Alleima AB (OTCPK:SAMHF) 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.

Alleima AB ROCE % Related Terms

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Alleima AB (Alleima AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Alleima AB (OTCPK:SAMHF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ALLEI:Sweden M46:Germany

Address

Storgatan 2, Sandviken, SWE, SE-811 81

Website

https://www.alleima.com

Alleima AB is a developer, manufacturer, and supplier of high-value-added products in advanced stainless steels and special alloys as well as products for industrial heating. The company's products are sold in approximately 90 countries across the globe. The company's offering includes products like seamless steel tubes for the energy, chemical, and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes.

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