Flexopack (ATH:FLEXO) ROCE % : 12.73% (As of Dec. 2023)

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What is Flexopack 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. Flexopack's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.73%.

Flexopack ROCE % Historical Data

The historical data trend for Flexopack'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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Flexopack ROCE % Chart

Flexopack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.28

14.81

12.71

15.88

14.05

Flexopack Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															14.50	19.17	13.37	14.93	12.73

Flexopack ROCE % Calculation

Flexopack'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 )
	=	20.716	/	( ( (176.019 - 39.919)	+	(197.933 - 39.245) )	/ 2 )
	=	20.716	/	( (136.1	+	158.688)	/ 2 )
	=	20.716	/	147.394
	=	14.05 %

Flexopack'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 )
	=	19.846	/	( ( (192.12 - 38.971)	+	(197.933 - 39.245) )	/ 2 )
	=	19.846	/	( ( 153.149	+	158.688 )	/ 2 )
	=	19.846	/	155.9185
	=	12.73 %

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

Flexopack (ATH:FLEXO) 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.

Flexopack ROCE % Related Terms

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Flexopack (ATH:FLEXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Flexopack SA (ATH:FLEXO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ifestou 37, Thesi Tzima, Koropi, Attica, Athens, GRC, 19400

Website

https://www.flexopack.com

Flexopack SA is engaged in the production of flexible plastic film packing materials for the food industry. Geographically, it has a presence in Greece; Europe, and Other Countries. The products of the company include packaging materials for meat, poultry, seafood, and dairy.

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