Anek Lines (ATH:ANEP) ROCE % : 0.00% (As of Jun. 2023)

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What is Anek Lines 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. Anek Lines's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Anek Lines ROCE % Historical Data

The historical data trend for Anek Lines'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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Anek Lines ROCE % Chart

Anek Lines Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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11.38

-3.87

61.15

-29.48

Anek Lines Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial															32.69	-110.85	-	-	-

Anek Lines ROCE % Calculation

Anek Lines's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-31.886	/	( ( (318.98 - 302.384)	+	(280.911 - 303.272) )	/ 2 )
	=	-31.886	/	( (16.596	+	-22.361)	/ 2 )
	=	-31.886	/	-2.8825
	=	1,106.19 %

Anek Lines'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: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	-12.89	/	( ( (291.037 - 335.209)	+	(253.025 - 333.222) )	/ 2 )
	=	-12.89	/	( ( -44.172	+	-80.197 )	/ 2 )
	=	-12.89	/	-62.1845
	=	0 %

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

Anek Lines (ATH:ANEP) 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.

Anek Lines ROCE % Related Terms

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Anek Lines (ATH:ANEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Anek Lines SA (ATH:ANEP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

148 Karamanli Avenue, Crete, Chania, GRC, 73100

Website

https://www.anek.gr

Anek Lines SA is engaged in passenger shipping and performs business activities in the sector of passenger ferry shipping. The main sources of revenue are generated from the passenger, P.U. vehicles and truck fares, as well as other onboard activities (bars, restaurants, stores, and casinos). The company operates its shipping activities domestically and abroad, out of which the majority of the revenue is derived from Abroad.

Anek Lines (ATH:ANEP) Headlines

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