John Mattson Fastighetsforetagen AB (OSTO:JOMA) ROCE % : 1.87% (As of Mar. 2024)

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What is John Mattson Fastighetsforetagen 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. John Mattson Fastighetsforetagen AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.87%.

John Mattson Fastighetsforetagen AB ROCE % Historical Data

The historical data trend for John Mattson Fastighetsforetagen 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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John Mattson Fastighetsforetagen AB ROCE % Chart

John Mattson Fastighetsforetagen AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.82

10.19

17.48

2.82

-8.50

John Mattson Fastighetsforetagen AB 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															-15.03	3.06	3.49	-45.23	1.87

John Mattson Fastighetsforetagen AB ROCE % Calculation

John Mattson Fastighetsforetagen 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 )
	=	-1142.3	/	( ( (16415.8 - 2758.8)	+	(14562.4 - 1344.4) )	/ 2 )
	=	-1142.3	/	( (13657	+	13218)	/ 2 )
	=	-1142.3	/	13437.5
	=	-8.50 %

John Mattson Fastighetsforetagen 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 )
	=	245.6	/	( ( (14562.4 - 1344.4)	+	(14638.4 - 1646.8) )	/ 2 )
	=	245.6	/	( ( 13218	+	12991.6 )	/ 2 )
	=	245.6	/	13104.8
	=	1.87 %

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

John Mattson Fastighetsforetagen AB (OSTO:JOMA) 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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John Mattson Fastighetsforetagen AB (OSTO:JOMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » John Mattson Fastighetsforetagen AB (OSTO:JOMA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Larsbergsvagen 10, Box 10035, Lidingo, SWE, SE-181 10

Website

https://www.johnmattson.se

John Mattson Fastighetsforetagen AB owns, manages and develops residential and commercial properties. Its property portfolio is concentrated to Lidingo and mainly consists of residential properties. The company's housing stock includes apartments in the suburbs of Larsberg, Baggeby, Kappala and Dalenum.

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