Alumil Aluminium Industry (ATH:ALMY) ROCE % : 14.71% (As of Jun. 2024)

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What is Alumil Aluminium Industry 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. Alumil Aluminium Industry's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.71%.

Alumil Aluminium Industry ROCE % Historical Data

The historical data trend for Alumil Aluminium Industry'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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Alumil Aluminium Industry ROCE % Chart

Alumil Aluminium Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.60

11.10

13.88

16.69

6.67

Alumil Aluminium Industry Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															26.12	6.15	8.47	4.76	14.71

Alumil Aluminium Industry ROCE % Calculation

Alumil Aluminium Industry'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 )
	=	17.284	/	( ( (361.013 - 100.287)	+	(382.897 - 125.381) )	/ 2 )
	=	17.284	/	( (260.726	+	257.516)	/ 2 )
	=	17.284	/	259.121
	=	6.67 %

Alumil Aluminium Industry's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	38.352	/	( ( (382.897 - 125.381)	+	(411.321 - 147.514) )	/ 2 )
	=	38.352	/	( ( 257.516	+	263.807 )	/ 2 )
	=	38.352	/	260.6615
	=	14.71 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Alumil Aluminium Industry (ATH:ALMY) 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.

Alumil Aluminium Industry ROCE % Related Terms

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Alumil Aluminium Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alumil Aluminium Industry SA (ATH:ALMY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

A3A:Germany

Address

Kilkis Industrial Area, Stavrohori, GRC, 61100

Website

http://www.alumil.com

Alumil Aluminium Industry SA produces and distributes aluminium products. The company's main products include windows-doors, Entrance doors, Complementary systems for Windows & Doors, Curtain Walls, Shading systems, Railings and Fences, Wall Cladding systems, Partitions and Atriums.

Alumil Aluminium Industry Headlines

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