Eltel AB (STU:E5E) ROCE % : 6.43% (As of Dec. 2024)

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What is Eltel 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. Eltel AB's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.43%.

Eltel AB ROCE % Historical Data

The historical data trend for Eltel 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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Eltel AB ROCE % Chart

Eltel AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.78

4.19

-1.24

-1.34

-5.72

Eltel AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.27	-38.42	1.22	6.68	6.43

Eltel AB ROCE % Calculation

Eltel AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-17	/	( ( (624.3 - 325.1)	+	(585.4 - 290.4) )	/ 2 )
	=	-17	/	( (299.2	+	295)	/ 2 )
	=	-17	/	297.1
	=	-5.72 %

Eltel AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	18.8	/	( ( (592.5 - 303)	+	(585.4 - 290.4) )	/ 2 )
	=	18.8	/	( ( 289.5	+	295 )	/ 2 )
	=	18.8	/	292.25
	=	6.43 %

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

Eltel AB (STU:E5E) 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.

Eltel AB ROCE % Related Terms

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Eltel AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Eltel AB (STU:E5E) » Definitions » ROCE %

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ELTEL:Sweden 0R53:UK E5E:Germany

Address

Adolfsbergsvagen 13, POB 126 23, Bromma, Stockholm, SWE, SE-112 92

Website

https://www.eltelgroup.com

Eltel AB is a Sweden-based company that provides technical services for infrastructure networks. The company operates in two key business areas; Communication, and Power. In the Communication business which derives key revenue, it establishes networks and supports digitalization by providing design, installation, upgrades and services to mobile and fixed communication networks. In the Power business, it enables the transmission of renewable energy and electrification by providing maintenance and upgrades to power distribution and transmission, smart grids, and turnkey solutions in e-mobility, solar photovoltaic, wind energy and battery energy storage systems. The company reports its operations in four country segments: Finland, Sweden, Norway, and Denmark.

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