Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) ROCE % : -12.84% (As of Sep. 2023)

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What is Grupa Azoty Zaklady Azotowe Pulawy 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. Grupa Azoty Zaklady Azotowe Pulawy's annualized ROCE % for the quarter that ended in Sep. 2023 was -12.84%.

Grupa Azoty Zaklady Azotowe Pulawy ROCE % Historical Data

The historical data trend for Grupa Azoty Zaklady Azotowe Pulawy'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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Grupa Azoty Zaklady Azotowe Pulawy ROCE % Chart

Grupa Azoty Zaklady Azotowe Pulawy Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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2.24

10.11

7.00

3.65

6.74

Grupa Azoty Zaklady Azotowe Pulawy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-4.60	-52.30	-28.65	-22.17	-12.84

Grupa Azoty Zaklady Azotowe Pulawy ROCE % Calculation

Grupa Azoty Zaklady Azotowe Pulawy'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 )
	=	295.01	/	( ( (7330.2 - 3049.667)	+	(7408.075 - 2940.902) )	/ 2 )
	=	295.01	/	( (4280.533	+	4467.173)	/ 2 )
	=	295.01	/	4373.853
	=	6.74 %

Grupa Azoty Zaklady Azotowe Pulawy's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-495.716	/	( ( (6878.274 - 2944.879)	+	(6550.829 - 2762.426) )	/ 2 )
	=	-495.716	/	( ( 3933.395	+	3788.403 )	/ 2 )
	=	-495.716	/	3860.899
	=	-12.84 %

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

Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) 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.

Grupa Azoty Zaklady Azotowe Pulawy ROCE % Related Terms

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Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grupa Azoty Zaklady Azotowe Pulawy SA (WAR:ZAP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1V5:Germany

Address

Al. Tysiaclecia Panstwa Polskiego 13, Pulawy, POL, 24-110

Website

https://pulawy.grupaazoty.com

Grupa Azoty Zaklady Azotowe Pulawy SA is a manufacturer and supplier of mineral fertilizers, basic chemicals and also involved in the procurement of raw materials and consumables. The company's segment includes Agro; Plastics; Energy and Other Activities. It generates maximum revenue from the Agro segment. The Agro Segment comprises the manufacturing of ammonia and products derived from the processing of ammonia, in particular urea and its solutions, including urea-ammonium nitrate solution, melamine, nitric acid, ammonium nitrate, technical gases, hydrogen peroxide, as well as phosphorus, potassium and blended fertilizers.

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