Warsaw Stock Exchange (WAR:GPW) ROCE % : 18.75% (As of Dec. 2023)

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What is Warsaw Stock Exchange 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. Warsaw Stock Exchange's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.75%.

Warsaw Stock Exchange ROCE % Historical Data

The historical data trend for Warsaw Stock Exchange'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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Warsaw Stock Exchange ROCE % Chart

Warsaw Stock Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.10

17.68

18.20

17.49

17.27

Warsaw Stock Exchange Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.49	14.60	20.85	18.44	18.75

Warsaw Stock Exchange ROCE % Calculation

Warsaw Stock Exchange'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 )
	=	189.277	/	( ( (1182.256 - 127.615)	+	(1257.681 - 120.321) )	/ 2 )
	=	189.277	/	( (1054.641	+	1137.36)	/ 2 )
	=	189.277	/	1096.0005
	=	17.27 %

Warsaw Stock Exchange'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	207.24	/	( ( (1196.599 - 123.662)	+	(1257.681 - 120.321) )	/ 2 )
	=	207.24	/	( ( 1072.937	+	1137.36 )	/ 2 )
	=	207.24	/	1105.1485
	=	18.75 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Warsaw Stock Exchange (WAR:GPW) 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.

Warsaw Stock Exchange ROCE % Related Terms

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Warsaw Stock Exchange (WAR:GPW) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

WSX:Germany

Address

ul. Ksiazeca 4, Warsaw, POL, 00-498

Website

http://www.gpw.pl

Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

Warsaw Stock Exchange (WAR:GPW) Headlines

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