Borregaard ASA (Borregaard ASA) ROCE % : 16.31% (As of Mar. 2024)

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What is Borregaard ASA 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. Borregaard ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.31%.

Borregaard ASA ROCE % Historical Data

The historical data trend for Borregaard ASA'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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Borregaard ASA ROCE % Chart

Borregaard ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.77

11.01

16.25

19.17

18.72

Borregaard ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.15	25.41	20.96	11.60	16.31

Borregaard ASA ROCE % Calculation

Borregaard ASA'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 )
	=	122.756	/	( ( (821.247 - 202.832)	+	(864.03 - 171.005) )	/ 2 )
	=	122.756	/	( (618.415	+	693.025)	/ 2 )
	=	122.756	/	655.72
	=	18.72 %

Borregaard ASA'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 )
	=	113.08	/	( ( (864.03 - 171.005)	+	(874.756 - 181.114) )	/ 2 )
	=	113.08	/	( ( 693.025	+	693.642 )	/ 2 )
	=	113.08	/	693.3335
	=	16.31 %

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

Borregaard ASA (GREY:BRGAY) 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.

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Borregaard ASA (Borregaard ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borregaard ASA (GREY:BRGAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BRGO:Sweden BRG:Norway 0QB7:UK BO4:Germany

Address

Hjalmar Wessels vei 6, P.O Box 162, Sarpsborg, NOR, 1701

Website

https://www.borregaard.com

Borregaard ASA makes and sells biochemicals and biomaterials designed to replace oil-based products, It has three operating segments; BioSolutions segment develops, produces and sells biopolymers and bio vanillin from lignin used in Industries such as agrochemicals, batteries, industrial binders and construction. Bio vanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry, Biomaterials segment develops, produces and sells speciality cellulose mainly for use as a raw material in the production of cellulose ethers, cellulose acetate and other speciality products. It also includes cellulose fibrils for industrial applications, and the Fine Chemicals segment consists of fine chemical intermediates for contrast agents and bioethanol.