Sectra AB (STU:ECRH) ROCE % : 21.56% (As of Jan. 2024)

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What is Sectra 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. Sectra AB's annualized ROCE % for the quarter that ended in Jan. 2024 was 21.56%.

Sectra AB ROCE % Historical Data

The historical data trend for Sectra 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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Sectra AB ROCE % Chart

Sectra AB Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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33.96

36.56

39.39

37.89

36.88

Sectra AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															29.60	68.47	19.37	49.82	21.56

Sectra AB ROCE % Calculation

Sectra AB's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	42.43	/	( ( (212.346 - 103.144)	+	(241.181 - 120.265) )	/ 2 )
	=	42.43	/	( (109.202	+	120.916)	/ 2 )
	=	42.43	/	115.059
	=	36.88 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	26.356	/	( ( (231.433 - 113.234)	+	(249.86 - 123.515) )	/ 2 )
	=	26.356	/	( ( 118.199	+	126.345 )	/ 2 )
	=	26.356	/	122.272
	=	21.56 %

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

Sectra AB (STU:ECRH) 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.

Sectra AB ROCE % Related Terms

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Sectra AB (STU:ECRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sectra AB (STU:ECRH) » Definitions » ROCE %

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SECT B:Sweden 0A0L:UK 61L1:Germany

Address

Teknikringen 20, Linkoping, SWE, SE-583 30

Website

https://www.sectra.com

Sectra AB develops IT solutions and services for storing, viewing, and working with medical images. The operating business segments are Imaging IT Solutions, Secure Communications, Business Innovation, and Other Operations. It generates maximum revenue from the Imaging IT Solutions segment. The company also offers maintenance in the form of support, system monitoring, and consulting services related to integration, system design, data migration, and business development. Geographically, it derives a majority of its revenue from Sweden and also has a presence in the Netherlands; the United Kingdom, and the Rest of Europe.

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