Trace SOP EOOD (XBUL:T57) ROCE % : 6.28% (As of Jun. 2023)

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What is Trace SOP EOOD 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. Trace SOP EOOD's annualized ROCE % for the quarter that ended in Jun. 2023 was 6.28%.

Trace SOP EOOD ROCE % Historical Data

The historical data trend for Trace SOP EOOD'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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Trace SOP EOOD ROCE % Chart

Trace SOP EOOD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.17

17.22

11.47

6.46

1.34

Trace SOP EOOD Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-10.49	3.22	16.34	2.34	6.28

Trace SOP EOOD ROCE % Calculation

Trace SOP EOOD'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 )
	=	2.008	/	( ( (242.205 - 95.808)	+	(270.765 - 116.856) )	/ 2 )
	=	2.008	/	( (146.397	+	153.909)	/ 2 )
	=	2.008	/	150.153
	=	1.34 %

Trace SOP EOOD's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	9.7	/	( ( (268.733 - 114.743)	+	(305.859 - 150.915) )	/ 2 )
	=	9.7	/	( ( 153.99	+	154.944 )	/ 2 )
	=	9.7	/	154.467
	=	6.28 %

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

Trace SOP EOOD (XBUL:T57) 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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Trace SOP EOOD (XBUL:T57) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trace SOP EOOD (XBUL:T57) » Definitions » ROCE %

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Address

Ul. Nikola Obrazopisov ? 12, Sofia, BGR, 1408

Website

http://www.tracebg.com

Trace SOP EOOD is engaged in construction and related activities. It performs major public projects in the field of infrastructure, environment, public works and hydro-technical construction, energy and building construction.

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