Hellenic Exchanges - Athens Stock Exchange (FRA:HEE) ROCE % : 18.07% (As of Sep. 2024)

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What is Hellenic Exchanges - Athens Stock Exchange 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. Hellenic Exchanges - Athens Stock Exchange's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.07%.

Hellenic Exchanges - Athens Stock Exchange ROCE % Historical Data

The historical data trend for Hellenic Exchanges - Athens Stock Exchange'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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Hellenic Exchanges - Athens Stock Exchange ROCE % Chart

Hellenic Exchanges - Athens Stock Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.45

4.51

8.44

9.34

15.37

Hellenic Exchanges - Athens Stock Exchange 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															15.17	16.08	19.62	22.36	18.07

Hellenic Exchanges - Athens Stock Exchange ROCE % Calculation

Hellenic Exchanges - Athens Stock Exchange'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 )
	=	16.908	/	( ( (364.131 - 255.92)	+	(396.335 - 284.479) )	/ 2 )
	=	16.908	/	( (108.211	+	111.856)	/ 2 )
	=	16.908	/	110.0335
	=	15.37 %

Hellenic Exchanges - Athens Stock Exchange'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 )
	=	20.16	/	( ( (554.127 - 444.514)	+	(454.675 - 341.123) )	/ 2 )
	=	20.16	/	( ( 109.613	+	113.552 )	/ 2 )
	=	20.16	/	111.5825
	=	18.07 %

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

Hellenic Exchanges - Athens Stock Exchange (FRA:HEE) 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.

Hellenic Exchanges - Athens Stock Exchange ROCE % Related Terms

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Hellenic Exchanges - Athens Stock Exchange Business Description

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HEHSF:USA EXAE:Greece HEE:Germany

Address

110 Athinon Avenue, Athens, GRC, 10442

Website

http://www.helex.gr

Hellenic Exchanges - Athens Stock Exchange SA or Athex Group consists of the Athens Stock Exchange as the parent company, and the Athens Exchange Clearing House and the Hellenic Central Securities Depository SA as its subsidiaries. The Athens Stock Exchange is the only stock exchange in Greece. The parent company and its subsidiaries operate the organized cash and derivatives markets, provide comprehensive informational technology solutions to the Greek capital market, and promote the development of capital markets in Greece. The group's revenue derives from its operational functions including listing, trading, clearing and settling, as well as depository services.

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