Thessaloniki Port Authority (ATH:OLTH) ROCE % : 15.97% (As of Jun. 2024)

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What is Thessaloniki Port Authority 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. Thessaloniki Port Authority's annualized ROCE % for the quarter that ended in Jun. 2024 was 15.97%.

Thessaloniki Port Authority ROCE % Historical Data

The historical data trend for Thessaloniki Port Authority'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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Thessaloniki Port Authority ROCE % Chart

Thessaloniki Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.15

12.32

12.55

11.44

12.19

Thessaloniki Port Authority Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															12.17	11.13	10.75	14.04	15.97

Thessaloniki Port Authority ROCE % Calculation

Thessaloniki Port Authority'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 )
	=	28.104	/	( ( (250.792 - 22.877)	+	(252.317 - 19.132) )	/ 2 )
	=	28.104	/	( (227.915	+	233.185)	/ 2 )
	=	28.104	/	230.55
	=	12.19 %

Thessaloniki Port Authority'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 )
	=	37.262	/	( ( (252.317 - 19.132)	+	(254.963 - 21.495) )	/ 2 )
	=	37.262	/	( ( 233.185	+	233.468 )	/ 2 )
	=	37.262	/	233.3265
	=	15.97 %

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

Thessaloniki Port Authority (ATH:OLTH) 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.

Thessaloniki Port Authority ROCE % Related Terms

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Thessaloniki Port Authority Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thessaloniki Port Authority SA (ATH:OLTH) » Definitions » ROCE %

Traded in Other Exchanges

03P:Germany

Address

Pier No 1, Port of Thessaloniki, Thessaloniki, GRC, 54625

Website

https://www.thpa.gr

Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling, and passenger services along with add-on services like water, electricity, and telephone connections, The company's operational areas are categorized into five, which are Container Terminal, Conventional Cargo, Passenger Traffic, Exploitation of Sites, and Intermodal. The majority of its revenues are obtained from the Container Terminal segment.

Thessaloniki Port Authority Headlines

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