Scandinavian Astor Group AB (XSAT:ASTOR) ROCE % : -7.80% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Scandinavian Astor 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. Scandinavian Astor Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.80%.

Scandinavian Astor Group AB ROCE % Historical Data

The historical data trend for Scandinavian Astor 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.

* Premium members only.

Scandinavian Astor Group AB ROCE % Chart

Scandinavian Astor Group AB Annual Data

Trend

Dec22

Dec23

ROCE %

-15.85

-4.86

Scandinavian Astor Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-10.65	-11.96	5.45	-7.68	-7.80

Scandinavian Astor Group AB ROCE % Calculation

Scandinavian Astor 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 )
	=	-4.303	/	( ( (115.822 - 58.442)	+	(201.972 - 82.277) )	/ 2 )
	=	-4.303	/	( (57.38	+	119.695)	/ 2 )
	=	-4.303	/	88.5375
	=	-4.86 %

Scandinavian Astor 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 )
	=	-9.136	/	( ( (201.972 - 82.277)	+	(197.342 - 82.805) )	/ 2 )
	=	-9.136	/	( ( 119.695	+	114.537 )	/ 2 )
	=	-9.136	/	117.116
	=	-7.80 %

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

Scandinavian Astor Group AB (XSAT:ASTOR) 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.

Scandinavian Astor Group AB ROCE % Related Terms

Thank you for viewing the detailed overview of Scandinavian Astor Group AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Scandinavian Astor Group AB (XSAT:ASTOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Scandinavian Astor Group AB (XSAT:ASTOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Y73:Germany

Address

Torshamnsgatan 9, Kista, Stockholm, SWE, 164 40

Website

https://www.astorgroup.se

Scandinavian Astor Group AB is a Swedish industrial and defense group. The company's industrial part manufactures advanced composite solutions on behalf of customers with applications in the marine, aviation, and defense industries. The military part develops, produces, and sells radar jamming systems for training purposes.

Scandinavian Astor Group AB (XSAT:ASTOR) Headlines

No Headlines