ABM Solid (WAR:ABM) ROCE % : 0.00% (As of Mar. 2019)

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What is ABM Solid 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. ABM Solid's annualized ROCE % for the quarter that ended in Mar. 2019 was 0.00%.

ABM Solid ROCE % Historical Data

The historical data trend for ABM Solid'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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ABM Solid ROCE % Chart

ABM Solid Annual Data

Trend

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ROCE %

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ABM Solid Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
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ABM Solid ROCE % Calculation

ABM Solid's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-4.26	/	( ( (92.659 - 238.991)	+	(63.228 - 222.019) )	/ 2 )
	=	-4.26	/	( (-146.332	+	-158.791)	/ 2 )
	=	-4.26	/	-152.5615
	=	2.79 %

ABM Solid's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	-1.072	/	( ( (63.228 - 222.019)	+	(61.866 - 221.034) )	/ 2 )
	=	-1.072	/	( ( -158.791	+	-159.168 )	/ 2 )
	=	-1.072	/	-158.9795
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

ABM Solid (WAR:ABM) 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.

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ABM Solid (WAR:ABM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ABM Solid SA (WAR:ABM) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

ul. Bartla 3, Tarnow, POL, 33-100

Website

http://www.abmsolid.com.pl

ABM Solid SA is a construction company, operating in all key construction segments. It provides services from designing to completion and commissioning of the constructed object.