Elton /R (ATH:ELTON) ROCE % : 8.99% (As of Jun. 2024)

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What is Elton /R 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. Elton /R's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.99%.

Elton /R ROCE % Historical Data

The historical data trend for Elton /R'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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Elton /R ROCE % Chart

Elton /R Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.29

8.84

16.53

21.33

5.21

Elton /R Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						20.99	21.19	8.55	1.80	8.99

Elton /R ROCE % Calculation

Elton /R'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 )
	=	4.049	/	( ( (119.663 - 41.45)	+	(112.49 - 35.155) )	/ 2 )
	=	4.049	/	( (78.213	+	77.335)	/ 2 )
	=	4.049	/	77.774
	=	5.21 %

Elton /R'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 )
	=	6.974	/	( ( (112.49 - 35.155)	+	(118.872 - 41.008) )	/ 2 )
	=	6.974	/	( ( 77.335	+	77.864 )	/ 2 )
	=	6.974	/	77.5995
	=	8.99 %

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

Elton /R (ATH:ELTON) 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.

Elton /R ROCE % Related Terms

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Elton /R Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elton SA /R (ATH:ELTON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Y1O:Germany

Address

Draseza Place, Industrial Park, Avlonas, Attica, GRC, 19011

Website

http://www.elton.gr

Elton SA /R is engaged in chemical ingredients distribution market & provides industrial solutions. The company covers Agrochemicals Animal Nutrition and Health, Food and Beverage, Cosmetics Pharma Household, Paints, Coatings, Construction materials, Textiles Chemical reagents and Lab equipment, Water treatment, Metal treatment, Paper treatment Candles, Lubricants, Plastics Raw materials for tires and Refrigerants. It also covers a range of industrial activities, to expand its network coverage and portfolio offering, but also to provide full up-to-date technical support and scientific information, elaborating its customers to create best products and results.

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