Ackermans & Van Haaren NV (Ackermans & Van Haaren NV) ROCE % : 8.73% (As of Dec. 2023)

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What is Ackermans & Van Haaren 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. Ackermans & Van Haaren NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.73%.

Ackermans & Van Haaren NV ROCE % Historical Data

The historical data trend for Ackermans & Van Haaren 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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Ackermans & Van Haaren NV ROCE % Chart

Ackermans & Van Haaren NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.29

4.76

7.54

10.77

7.49

Ackermans & Van Haaren NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.36	8.75	13.11	6.10	8.73

Ackermans & Van Haaren NV ROCE % Calculation

Ackermans & Van Haaren NV'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 )
	=	728.603	/	( ( (18725.124 - 9277.459)	+	(20742.118 - 10730.654) )	/ 2 )
	=	728.603	/	( (9447.665	+	10011.464)	/ 2 )
	=	728.603	/	9729.5645
	=	7.49 %

Ackermans & Van Haaren NV'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	865.588	/	( ( (20131.534 - 10307.931)	+	(20742.118 - 10730.654) )	/ 2 )
	=	865.588	/	( ( 9823.603	+	10011.464 )	/ 2 )
	=	865.588	/	9917.5335
	=	8.73 %

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

Ackermans & Van Haaren NV (OTCPK:AVHNF) 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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Ackermans & Van Haaren NV (Ackermans & Van Haaren NV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ACKBb:UK 0GYM:UK B3K:Germany ACKB:Belgium

Address

Begijnenvest 113, Antwerp, BEL, 2000

Website

https://www.avh.be

Ackermans & Van Haaren NV is a global investment company with five core business segments, including Marine Engineering and Contracting, Private Banking, Real Estate and Senior Care, Energy and resources, and AvH and Growth Capital. The company has a long-term, activist orientation focused on making investments in growth companies with international exposure. A plurality of its net profit mix is derived from its Marine Engineering & Contracting segment, followed closely by its Private Banking & real estate and senior care division.