Humble Group AB (STU:B39) ROCE % : 5.05% (As of Mar. 2024)

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What is Humble 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. Humble Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.05%.

Humble Group AB ROCE % Historical Data

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

Humble Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-174.82

-21.24

-3.81

3.53

2.96

Humble Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.62	4.63	-0.11	2.28	5.05

Humble Group AB ROCE % Calculation

Humble 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 )
	=	18.773	/	( ( (805.465 - 162.821)	+	(797.244 - 171.553) )	/ 2 )
	=	18.773	/	( (642.644	+	625.691)	/ 2 )
	=	18.773	/	634.1675
	=	2.96 %

Humble 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 )
	=	31.812	/	( ( (797.244 - 171.553)	+	(799.089 - 165.067) )	/ 2 )
	=	31.812	/	( ( 625.691	+	634.022 )	/ 2 )
	=	31.812	/	629.8565
	=	5.05 %

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

Humble Group AB (STU:B39) 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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Humble Group AB (STU:B39) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Humble Group AB (STU:B39) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HUMBLE:Sweden B39:Germany

Address

Nytorgsgatan 17A, Stockholm, SWE, 116 22

Website

https://www.humblegroup.se

Humble Group AB is a Swedish foodtech and FMCG group. Humble targets the foodtech, eco, sustainability and vegan segments to drive organic growth and acquisitions in the various business units: brands, distribution, manufacturing and ingredients, and R&D. Its technical solutions facilitate new formulations and recipes that improve the taste and consistency of the next generation of sugar-reduced, sustainable, and vegan products.

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