Kiriacoulis Mediterranean Cruises Shipping (ATH:KYRI) ROCE % : -8.17% (As of Dec. 2023)

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What is Kiriacoulis Mediterranean Cruises Shipping 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. Kiriacoulis Mediterranean Cruises Shipping's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.17%.

Kiriacoulis Mediterranean Cruises Shipping ROCE % Historical Data

The historical data trend for Kiriacoulis Mediterranean Cruises Shipping'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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Kiriacoulis Mediterranean Cruises Shipping ROCE % Chart

Kiriacoulis Mediterranean Cruises Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.42

-13.22

-4.20

-7.59

-3.27

Kiriacoulis Mediterranean Cruises Shipping 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															4.05	-7.59	-7.67	1.50	-8.17

Kiriacoulis Mediterranean Cruises Shipping ROCE % Calculation

Kiriacoulis Mediterranean Cruises Shipping'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 )
	=	-0.785	/	( ( (47.472 - 21.455)	+	(49.057 - 27.021) )	/ 2 )
	=	-0.785	/	( (26.017	+	22.036)	/ 2 )
	=	-0.785	/	24.0265
	=	-3.27 %

Kiriacoulis Mediterranean Cruises Shipping'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 )
	=	-1.96	/	( ( (43.711 - 17.738)	+	(49.057 - 27.021) )	/ 2 )
	=	-1.96	/	( ( 25.973	+	22.036 )	/ 2 )
	=	-1.96	/	24.0045
	=	-8.17 %

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

Kiriacoulis Mediterranean Cruises Shipping (ATH:KYRI) 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.

Kiriacoulis Mediterranean Cruises Shipping ROCE % Related Terms

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Kiriacoulis Mediterranean Cruises Shipping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kiriacoulis Mediterranean Cruises Shipping SA (ATH:KYRI) » Definitions » ROCE %

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Address

7 Alimou Avenue, Alimos, Athens, GRC, 174 55

Website

http://www.kiriacoulis.com

Kiriacoulis Mediterranean Cruises Shipping SA is company mainly engaged in the provision of yachting services to the professional and tourist sectors. The company is along with its subsidiaries is engaged in providing Professional sea tourism through pleasure boats and yachts, Tourist ports management, and Real estate services. Geographically it operates through the yacht and customer service points, of which seven are located in Greece, six in Italy, seven in Croatia, two in Turkey, two in the Caribbean, one in France and one in Malta.

Kiriacoulis Mediterranean Cruises Shipping Headlines

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