Toivo Group Oyj (FRA:0LF) ROCE % : 2.89% (As of Sep. 2024)

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What is Toivo Group Oyj 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. Toivo Group Oyj's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.89%.

Toivo Group Oyj ROCE % Historical Data

The historical data trend for Toivo Group Oyj'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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Toivo Group Oyj ROCE % Chart

Toivo Group Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.83

16.00

19.04

11.38

-0.40

Toivo Group Oyj Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.67	-19.49	2.87	2.98	2.89

Toivo Group Oyj ROCE % Calculation

Toivo Group Oyj'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 )
	=	-0.678	/	( ( (187.694 - 16.37)	+	(192.132 - 26.998) )	/ 2 )
	=	-0.678	/	( (171.324	+	165.134)	/ 2 )
	=	-0.678	/	168.229
	=	-0.40 %

Toivo Group Oyj's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4.308	/	( ( (161.176 - 12.326)	+	(162.228 - 12.883) )	/ 2 )
	=	4.308	/	( ( 148.85	+	149.345 )	/ 2 )
	=	4.308	/	149.0975
	=	2.89 %

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

Toivo Group Oyj (FRA:0LF) 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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Toivo Group Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Toivo Group Oyj (FRA:0LF) » Definitions » ROCE %

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TOIVO:Finland

Address

Gransinmaki 6, Espoo, FIN, 02650

Website

https://www.toivo.fi

Toivo Group Oyj is engaged in real estate development and ownership. Its business is divided into real estate development and real estate ownership. Real estate development includes project development, design, and construction. Property ownership includes ownership and rental as well as additional services. Its investment portfolio comprises housing, plots of land, and commercial properties. Geographic area of the company is Finland and Sweden, and the majority of the revenue comes from Finland.

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