Elvalhalcor (STU:HC6A) ROCE % : 7.23% (As of Jun. 2023)

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What is Elvalhalcor 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. Elvalhalcor's annualized ROCE % for the quarter that ended in Jun. 2023 was 7.23%.

Elvalhalcor ROCE % Historical Data

The historical data trend for Elvalhalcor'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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Elvalhalcor ROCE % Chart

Elvalhalcor Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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9.20

6.50

4.67

10.89

13.78

Elvalhalcor Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															16.88	6.36	20.15	7.07	7.23

Elvalhalcor ROCE % Calculation

Elvalhalcor's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	237.588	/	( ( (2230.742 - 648.591)	+	(2533.828 - 666.892) )	/ 2 )
	=	237.588	/	( (1582.151	+	1866.936)	/ 2 )
	=	237.588	/	1724.5435
	=	13.78 %

Elvalhalcor's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	133.06	/	( ( (2533.828 - 666.892)	+	(2501.194 - 685.369) )	/ 2 )
	=	133.06	/	( ( 1866.936	+	1815.825 )	/ 2 )
	=	133.06	/	1841.3805
	=	7.23 %

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

Elvalhalcor (STU:HC6A) 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.

Elvalhalcor ROCE % Related Terms

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Elvalhalcor (STU:HC6A) Business Description

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ELHA:Greece

Address

2-4 Mesogeion Avenue, Athens Tower, 2nd Building, Athens, GRC, GR-115 27

Website

https://www.elvalhalcor.com

Elvalhalcor SA is a Greece-based company, engaged in the production, processing, and marketing of copper and aluminum products. The company's operating segment includes Copper products and Aluminium products. It generates maximum revenue from the Copper products segment. The company serves Automotive and shipbuilding; Packaging; Energy and power networks; Renewable energy; Industrial applications; Heating, ventilation, air conditioning and refrigeration (HVAC&R), and Building and construction markets. Some of its products include Flat rolled aluminium products and solutions; Aluminium foil and aluminium flexible-packaging materials; Copper tubes with or without plastic coating or industrial insulation and others.

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