Thrace Plastics Holding and Commercial (ATH:PLAT) ROCE % : 8.21% (As of Sep. 2024)

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What is Thrace Plastics Holding and Commercial 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. Thrace Plastics Holding and Commercial's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.21%.

Thrace Plastics Holding and Commercial ROCE % Historical Data

The historical data trend for Thrace Plastics Holding and Commercial'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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Thrace Plastics Holding and Commercial ROCE % Chart

Thrace Plastics Holding and Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.75

23.83

31.78

11.14

7.80

Thrace Plastics Holding and Commercial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.84	2.39	7.30	9.05	8.21

Thrace Plastics Holding and Commercial ROCE % Calculation

Thrace Plastics Holding and Commercial'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 )
	=	24.533	/	( ( (404.795 - 92.604)	+	(406.264 - 89.449) )	/ 2 )
	=	24.533	/	( (312.191	+	316.815)	/ 2 )
	=	24.533	/	314.503
	=	7.80 %

Thrace Plastics Holding and Commercial's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	26.136	/	( ( (429.222 - 115.368)	+	(432.646 - 110.088) )	/ 2 )
	=	26.136	/	( ( 313.854	+	322.558 )	/ 2 )
	=	26.136	/	318.206
	=	8.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Thrace Plastics Holding and Commercial (ATH:PLAT) 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.

Thrace Plastics Holding and Commercial ROCE % Related Terms

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Thrace Plastics Holding and Commercial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thrace Plastics Holding and Commercial SA (ATH:PLAT) » Definitions » ROCE %

Traded in Other Exchanges

TP3:Germany

Address

20 Marinou Antypa Street, Alimos, Attica, Athens, GRC, 17455

Website

https://www.thracegroup.com

Thrace Plastics Holding and Commercial SA are engaged in the production and distribution of polypropylene products. The business segments of the company are the technical fabrics sector which is concerned with the production and trade of synthetic fabrics for industrial and technical uses; packaging sector which is concerned with production and trade of industrial products, including mainly bags and palletizing film for the packaging of fertilizers, fish feed, animal feed and chemical and inert materials; and Other, that includes agriculture sector.