Asturiana de Laminados (XMAD:ELZ) ROCE %

: 4.51% (As of Jun. 2023)

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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. Asturiana de Laminados's annualized ROCE % for the quarter that ended in Jun. 2023 was 4.51%.

Asturiana de Laminados ROCE % Historical Data

The historical data trend for Asturiana de Laminados'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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 1.17 [6] => 3.74 [7] => 5.75 [8] => 8.08 [9] => 4.74 )

Asturiana de Laminados Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

1.17

3.74

5.75

8.08

4.74

Asturiana de Laminados Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %													10.28	6.52	9.50	-0.29	4.51

Asturiana de Laminados ROCE % Calculation

Asturiana de Laminados'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 )
	=	6.215	/	( ( (164.177 - 31.785)	+	(181.577 - 51.683) )	/ 2 )
	=	6.215	/	( (132.392	+	129.894)	/ 2 )
	=	6.215	/	131.143
	=	4.74 %

Asturiana de Laminados'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	5.802	/	( ( (181.577 - 51.683)	+	(172.641 - 45.074) )	/ 2 )
	=	5.802	/	( ( 129.894	+	127.567 )	/ 2 )
	=	5.802	/	128.7305
	=	4.51 %

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

Asturiana de Laminados (XMAD:ELZ) 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.

Asturiana de Laminados ROCE % Related Terms

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Asturiana de Laminados (XMAD:ELZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asturiana de Laminados SA (XMAD:ELZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Poligono Industrial de Villallana, Plot 1, Pola de Lena, Asturias, ESP, 33695

Website

https://www.elzinc.es

Asturiana de Laminados SA designs, casts, or melts, anodizes profiles, sheets, coils, or any other element of zinc or other metals, metallic and non-metallic products, and other products for construction, transportation, and industrial use. It offers solutions for aesthetic finishes, technical finishes, honeycomb panels, composite panels, elZinc tiles, traditional roofing systems, engineered facades, traditional facade systems, and rainwater systems.

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