Papoutsanis (ATH:PAP) ROCE % : 12.08% (As of Jun. 2024)

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What is Papoutsanis 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. Papoutsanis's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.08%.

Papoutsanis ROCE % Historical Data

The historical data trend for Papoutsanis'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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Papoutsanis ROCE % Chart

Papoutsanis Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.42

16.83

16.12

9.24

11.18

Papoutsanis Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						15.64	4.17	10.75	11.93	12.08

Papoutsanis ROCE % Calculation

Papoutsanis'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 )
	=	6.271	/	( ( (83.156 - 27.387)	+	(75.326 - 18.886) )	/ 2 )
	=	6.271	/	( (55.769	+	56.44)	/ 2 )
	=	6.271	/	56.1045
	=	11.18 %

Papoutsanis'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 )
	=	6.988	/	( ( (75.326 - 18.886)	+	(80.267 - 20.986) )	/ 2 )
	=	6.988	/	( ( 56.44	+	59.281 )	/ 2 )
	=	6.988	/	57.8605
	=	12.08 %

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

Papoutsanis (ATH:PAP) 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.

Papoutsanis ROCE % Related Terms

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Papoutsanis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Papoutsanis SA (ATH:PAP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Y2O:Germany

Address

71st Km National Road Athens, Lamia Vathi Avlidos, Chalkida Street, Halkida, GRC, 34100

Website

http://www.papoutsanis.gr

Papoutsanis SA manufactures food, personal care and household cleaning products. The company's products include soap items, cosmetic, shower caps and sewing kits, vanity sets, paper cases, dental kits, shaving set among others.

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