Synthetica AD (XBUL:SYN) ROCE %

: -3.53% (As of Dec. 2022)

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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. Synthetica AD's annualized ROCE % for the quarter that ended in Dec. 2022 was -3.53%.

Synthetica AD ROCE % Historical Data

The historical data trend for Synthetica AD'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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Synthetica AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

3.44

-4.27

4.23

0.32

2.02

Synthetica AD Quarterly Data
	Dec17	Mar18	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %																1.84	3.90	-0.12	8.25	-3.53

Synthetica AD ROCE % Calculation

Synthetica AD'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 )
	=	1.698	/	( ( (80.543 - 22.805)	+	(169.046 - 58.433) )	/ 2 )
	=	1.698	/	( (57.738	+	110.613)	/ 2 )
	=	1.698	/	84.1755
	=	2.02 %

Synthetica AD's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-3.876	/	( ( (161.73 - 53.029)	+	(169.046 - 58.433) )	/ 2 )
	=	-3.876	/	( ( 108.701	+	110.613 )	/ 2 )
	=	-3.876	/	109.657
	=	-3.53 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Synthetica AD (XBUL:SYN) 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.

Synthetica AD ROCE % Related Terms

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Synthetica AD (XBUL:SYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Synthetica AD (XBUL:SYN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

N. Vaptzarov No 47, Sofia, BGR, 1407

Website

http://www.synthetica.bg

Synthetica AD is a holding company. It operates in various sectors such as property management in the hospitality and tourism, production and marketing of flexible packaging, biaxially oriented polypropylene film and manufacture of hemodialysis products.

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