Euroxx Securities (ATH:EX) ROCE % : 32.77% (As of Dec. 2023)

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What is Euroxx Securities 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. Euroxx Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 32.77%.

Euroxx Securities ROCE % Historical Data

The historical data trend for Euroxx Securities'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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Euroxx Securities ROCE % Chart

Euroxx Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.28

3.22

21.12

23.43

45.39

Euroxx Securities Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															26.33	46.89	-3.31	51.76	32.77

Euroxx Securities ROCE % Calculation

Euroxx Securities'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 )
	=	5.719	/	( ( (20.64 - 11.701)	+	(29.73 - 13.467) )	/ 2 )
	=	5.719	/	( (8.939	+	16.263)	/ 2 )
	=	5.719	/	12.601
	=	45.39 %

Euroxx Securities's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	5.17	/	( ( (31.661 - 16.371)	+	(29.73 - 13.467) )	/ 2 )
	=	5.17	/	( ( 15.29	+	16.263 )	/ 2 )
	=	5.17	/	15.7765
	=	32.77 %

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

Euroxx Securities (ATH:EX) 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.

Euroxx Securities ROCE % Related Terms

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Euroxx Securities (ATH:EX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Euroxx Securities SA (ATH:EX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palaiologou 7, Chalandri, GRC, 15232

Website

http://www.euroxx.gr

Euroxx Securities SA is a financial services firm providing investment services to its clients. The company's client mix consists of private investors, legal entities, Greek and foreign institutional investors. It combines high skill and know-how and is able to respond to more complex investment expectations.

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