Asseco Poland (Asseco Poland) ROCE % : 20.84% (As of Dec. 2023)

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What is Asseco Poland 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. Asseco Poland's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.84%.

Asseco Poland ROCE % Historical Data

The historical data trend for Asseco Poland'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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Asseco Poland ROCE % Chart

Asseco Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.67

10.33

11.48

13.89

12.86

Asseco Poland 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															12.82	12.21	3.58	32.27	20.84

Asseco Poland ROCE % Calculation

Asseco Poland'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 )
	=	424.497	/	( ( (4988.816 - 1559.852)	+	(4669.173 - 1495.616) )	/ 2 )
	=	424.497	/	( (3428.964	+	3173.557)	/ 2 )
	=	424.497	/	3301.2605
	=	12.86 %

Asseco Poland'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 )
	=	457.58	/	( ( (1321.991 - 105.152)	+	(4669.173 - 1495.616) )	/ 2 )
	=	457.58	/	( ( 1216.839	+	3173.557 )	/ 2 )
	=	457.58	/	2195.198
	=	20.84 %

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

Asseco Poland (OTCPK:ASOZF) 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.

Asseco Poland ROCE % Related Terms

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Asseco Poland (Asseco Poland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Poland SA (OTCPK:ASOZF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACP:Poland SFB1:Germany

Address

14 Olchowa Street, Rzeszow, POL, 35-322

Website

http://www.asseco.pl

Asseco Poland SA is the Polish subsidiary of the multinational Asseco Group, which has a presence in Europe and Israel. The firm develops sector-specific software for banking and finance, and executes large IT projects for healthcare, insurance, and other sectors in public administration. Asseco's flagship product for the banking sector is the comprehensive IT suite def3000, used by financial institutions in Poland. The firm also provides IT consulting, systems integration, and implementation services for large and midsize industrial enterprises. A large majority of the firm's revenue is generated through proprietary software licenses from Polish institutions.

Asseco Poland (Asseco Poland) Headlines

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