Agfa-Gevaert NV (Agfa-Gevaert NV) ROCE % : -0.81% (As of Sep. 2023)

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What is Agfa-Gevaert NV 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. Agfa-Gevaert NV's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.81%.

Agfa-Gevaert NV ROCE % Historical Data

The historical data trend for Agfa-Gevaert NV'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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Agfa-Gevaert NV ROCE % Chart

Agfa-Gevaert NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.89

-1.88

-3.59

0.91

-11.63

Agfa-Gevaert NV 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															-5.80	-34.97	-4.41	-4.46	-0.81

Agfa-Gevaert NV ROCE % Calculation

Agfa-Gevaert NV'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 )
	=	-170.551	/	( ( (2367.232 - 674.576)	+	(1860.169 - 619.703) )	/ 2 )
	=	-170.551	/	( (1692.656	+	1240.466)	/ 2 )
	=	-170.551	/	1466.561
	=	-11.63 %

Agfa-Gevaert NV'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 )
	=	-8.536	/	( ( (1498.375 - 449.621)	+	(1455.71 - 397.012) )	/ 2 )
	=	-8.536	/	( ( 1048.754	+	1058.698 )	/ 2 )
	=	-8.536	/	1053.726
	=	-0.81 %

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

Agfa-Gevaert NV (OTCPK:AFGVY) 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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Agfa-Gevaert NV (Agfa-Gevaert NV) Business Description

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Traded in Other Exchanges

AFGVF:USA 0MFU:UK AGE:Germany AGFB:Belgium

Address

Septestraat 27, Mortsel, BEL, B-2640

Website

https://www.agfa.com

Agfa-Gevaert NV develops, produces, and distributes a range of analog and digital imaging systems and information technology solutions, for the printing sector, healthcare sector, and specific industrial applications. The company's operating segment includes Offset Solutions; Digital Print and Chemicals; Radiology Solutions and Healthcare IT. It generates maximum revenue from the Offset Solutions segment. The Offset Solutions division is a supplier to the offset printing industry, offering commercial, newspaper, and packaging printers and an extensive range of integrated prepress and printing solutions.

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