Arctic Paper (WAR:ATC) ROCE % : 9.44% (As of Dec. 2023)

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What is Arctic Paper 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. Arctic Paper's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.44%.

Arctic Paper ROCE % Historical Data

The historical data trend for Arctic Paper'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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Arctic Paper ROCE % Chart

Arctic Paper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.69

9.99

15.30

45.43

15.37

Arctic Paper 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															17.02	26.21	9.36	18.52	9.44

Arctic Paper ROCE % Calculation

Arctic Paper'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 )
	=	348.02	/	( ( (3254.485 - 806.906)	+	(2722.877 - 641.616) )	/ 2 )
	=	348.02	/	( (2447.579	+	2081.261)	/ 2 )
	=	348.02	/	2264.42
	=	15.37 %

Arctic Paper'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 )
	=	196.396	/	( ( (2737.299 - 655.983)	+	(2722.877 - 641.616) )	/ 2 )
	=	196.396	/	( ( 2081.316	+	2081.261 )	/ 2 )
	=	196.396	/	2081.2885
	=	9.44 %

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

Arctic Paper (WAR:ATC) 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.

Arctic Paper ROCE % Related Terms

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Arctic Paper (WAR:ATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Arctic Paper SA (WAR:ATC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARP:Sweden A0P:Germany

Address

UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470

Website

https://www.arcticpaper.com

Arctic Paper SA is a holding company in Poland. The company produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses and the advertising industry. The company operates solely in the segment of high-quality graphic papers which is split into three core segments: Uncoated paper, Pulp, coated papers, and Other. Majority of revenue is generated from Uncoated segment.