AS Harju Elekter (OTSE:HAE1T) ROCE % : 3.76% (As of Mar. 2024)

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What is AS Harju Elekter 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. AS Harju Elekter's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.76%.

AS Harju Elekter ROCE % Historical Data

The historical data trend for AS Harju Elekter'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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AS Harju Elekter ROCE % Chart

AS Harju Elekter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.63

8.60

3.73

-4.66

7.71

AS Harju Elekter 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															5.52	8.12	13.38	2.91	3.76

AS Harju Elekter ROCE % Calculation

AS Harju Elekter'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 )
	=	8.234	/	( ( (171.437 - 71.295)	+	(178.375 - 64.864) )	/ 2 )
	=	8.234	/	( (100.142	+	113.511)	/ 2 )
	=	8.234	/	106.8265
	=	7.71 %

AS Harju Elekter'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 )
	=	4.272	/	( ( (178.375 - 64.864)	+	(187.886 - 74.082) )	/ 2 )
	=	4.272	/	( ( 113.511	+	113.804 )	/ 2 )
	=	4.272	/	113.6575
	=	3.76 %

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

AS Harju Elekter (OTSE:HAE1T) 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.

AS Harju Elekter ROCE % Related Terms

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AS Harju Elekter (OTSE:HAE1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AS Harju Elekter (OTSE:HAE1T) » Definitions » ROCE %

Traded in Other Exchanges

HD8:Germany

Address

Paldiski maantee 31, Keila, EST, 76606

Website

https://www.harjuelekter.com

AS Harju Elekter is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. The Production segment includes factories producing power distribution and control equipment in Estonia, Finland, Sweden, and Lithuania. The core production of factories consists of equipment for the distribution of medium and low-voltage electricity, various electrical power switching and conversion devices, and automation and control centers for use by the energy, industrial, and maritime sectors, and infrastructure objects. The Real estate segment includes the development, project management, leasing, and other related services of industrial real estate for leasing partners and the group's companies.

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