AVAX (STU:IJ6) ROCE % : 9.00% (As of Dec. 2023)

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What is AVAX 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. AVAX's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.00%.

AVAX ROCE % Historical Data

The historical data trend for AVAX'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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AVAX ROCE % Chart

AVAX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.76

4.92

3.68

7.54

7.67

AVAX Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												3.67	-3.49	19.12	6.56	9.00

AVAX ROCE % Calculation

AVAX'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 )
	=	37.938	/	( ( (1076.469 - 576.652)	+	(1202.754 - 713.679) )	/ 2 )
	=	37.938	/	( (499.817	+	489.075)	/ 2 )
	=	37.938	/	494.446
	=	7.67 %

AVAX'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 )
	=	43.686	/	( ( (1093.407 - 611.588)	+	(1202.754 - 713.679) )	/ 2 )
	=	43.686	/	( ( 481.819	+	489.075 )	/ 2 )
	=	43.686	/	485.447
	=	9.00 %

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

AVAX (STU:IJ6) 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.

AVAX ROCE % Related Terms

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AVAX (STU:IJ6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVAX SA (STU:IJ6) » Definitions » ROCE %

Comparable Companies

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AVAX:Greece

Address

16 Amaroussiou, Halandriou Street, Marousi, GRC, 15125

Website

https://www.avax.gr

AVAX SA operates as a construction company in Greece. The company operates through the following segments: The Construction segment develops buildings, warehouses, and shopping centers; The Concessions segment constructs highways, bridges, airports, and car parks; The Energy segment comprises of the construction TAP natural gas pipeline in Northern Greece; design and construction of power plants in Iraq; the exhaust gas desulphurisation system in Northern Greece; The Other Activities segment covers estate development and other activities.

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