Attica Holdings (ATH:ATTICA) ROCE % : 16.75% (As of Dec. 2023)

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What is Attica Holdings 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. Attica Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.75%.

Attica Holdings ROCE % Historical Data

The historical data trend for Attica Holdings'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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Attica Holdings ROCE % Chart

Attica Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.79

-4.21

0.27

4.69

10.18

Attica Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.45	-5.99	15.13	3.94	16.75

Attica Holdings ROCE % Calculation

Attica Holdings'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 )
	=	85.613	/	( ( (979.749 - 154.76)	+	(1245.675 - 388.577) )	/ 2 )
	=	85.613	/	( (824.989	+	857.098)	/ 2 )
	=	85.613	/	841.0435
	=	10.18 %

Attica Holdings'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	139.162	/	( ( (1013.753 - 209.304)	+	(1245.675 - 388.577) )	/ 2 )
	=	139.162	/	( ( 804.449	+	857.098 )	/ 2 )
	=	139.162	/	830.7735
	=	16.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Attica Holdings (ATH:ATTICA) 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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Attica Holdings (ATH:ATTICA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Attica Holdings SA (ATH:ATTICA) » Definitions » ROCE %

Traded in Other Exchanges

AAE1:Germany

Address

1-7 Lysikratous and Evripidou Street, Kallithea, Athens, GRC, 17674

Website

https://www.attica-group.com

Attica Holdings SA provides ferry services in the Eastern Mediterranean Sea. The company provides its services through a fleet of modern and technologically advanced vessels, providing transportation services for passengers, private vehicles and trucks. It operates its ferries under the brand name Superfast Ferries and Blue Star Ferries, and Hellenic Seaways. The company's geographical segments are divided into domestic and international routes. The majority of the revenue is generated from domestic routes, and the revenue is generated in the form of Fares collected as well as on-board sales.

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