Securitas AB (Securitas AB) ROCE % : -9.04% (As of Dec. 2023)

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What is Securitas 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. Securitas AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.04%.

Securitas AB ROCE % Historical Data

The historical data trend for Securitas 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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Securitas AB ROCE % Chart

Securitas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.02

10.73

12.58

10.29

6.64

Securitas AB 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															7.02	9.56	11.63	12.26	-9.04

Securitas AB ROCE % Calculation

Securitas 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 )
	=	519.81	/	( ( (11129.89 - 2864.714)	+	(11346.904 - 3961.355) )	/ 2 )
	=	519.81	/	( (8265.176	+	7385.549)	/ 2 )
	=	519.81	/	7825.3625
	=	6.64 %

Securitas AB'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 )
	=	-671.504	/	( ( (11072.189 - 3600.967)	+	(11346.904 - 3961.355) )	/ 2 )
	=	-671.504	/	( ( 7471.222	+	7385.549 )	/ 2 )
	=	-671.504	/	7428.3855
	=	-9.04 %

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

Securitas AB (OTCPK:SCTBF) 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.

Securitas AB ROCE % Related Terms

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Securitas AB (Securitas AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Securitas AB (OTCPK:SCTBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SCTBY:USA SECU B:Sweden SECUBs:UK 0IAH:UK S7MB:Germany

Address

Lindhagensplan 70, PO Box 12307, Stockholm, SWE, SE-102 28

Website

https://www.securitas.com

Securitas is an international security services, consulting, and investigation group based in Stockholm, Sweden. Its primary activities are centered on manned security, mobile security, monitoring, and risk assessment. Securitas operates in more than 50 countries and is the second-largest security firm in the world and the largest in manned guarding.