Sanoma Oyj (Sanoma Oyj) ROCE % : -17.27% (As of Dec. 2023)

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What is Sanoma Oyj 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. Sanoma Oyj's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.27%.

Sanoma Oyj ROCE % Historical Data

The historical data trend for Sanoma Oyj'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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Sanoma Oyj ROCE % Chart

Sanoma Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.66

23.94

10.12

7.42

3.71

Sanoma Oyj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.20	-10.41	1.43	39.18	-17.27

Sanoma Oyj ROCE % Calculation

Sanoma Oyj'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 )
	=	56.707	/	( ( (2228.39 - 584.322)	+	(2220.938 - 805.125) )	/ 2 )
	=	56.707	/	( (1644.068	+	1415.813)	/ 2 )
	=	56.707	/	1529.9405
	=	3.71 %

Sanoma Oyj's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-254.744	/	( ( (2426.681 - 892.85)	+	(2220.938 - 805.125) )	/ 2 )
	=	-254.744	/	( ( 1533.831	+	1415.813 )	/ 2 )
	=	-254.744	/	1474.822
	=	-17.27 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sanoma Oyj (OTCPK:SWYBY) 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.

Sanoma Oyj ROCE % Related Terms

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Sanoma Oyj (Sanoma Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sanoma Oyj (OTCPK:SWYBY) » Definitions » ROCE %

Traded in Other Exchanges

0JLQ:UK SANOMA:Finland SNQB:Germany

Address

Toolonlahdenkatu 2, Helsinki, FIN, 00100

Website

https://www.sanoma.com

Sanoma Oyj is an innovative and agile learning and media company. The group publishes magazines and newspapers along with educational learning literature and services. It operates in two segments: Learning and Media Finland. Sanoma's learning products and services enable teachers to develop the talents of every child to reach their full potential. The company offers printed and digital learning content as well as digital learning and teaching platforms for primary, secondary, and vocational education. The Finnish media business of Sanoma provides information, experiences, inspiration, and entertainment via multiple media platforms: newspapers, radio, television, events, magazines, online, and mobile channels. The company's publications include Helsingin Sanomat, IltaSanomat among others.

Sanoma Oyj (Sanoma Oyj) Headlines

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