Balticon (WAR:BLT) ROCE % : 6.32% (As of Mar. 2024)

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What is Balticon 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. Balticon's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.32%.

Balticon ROCE % Historical Data

The historical data trend for Balticon'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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Balticon ROCE % Chart

Balticon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.12

14.24

10.51

16.15

8.14

Balticon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.55	-2.72	13.69	15.38	6.32

Balticon ROCE % Calculation

Balticon'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 )
	=	6.481	/	( ( (128.442 - 50.113)	+	(133.289 - 52.44) )	/ 2 )
	=	6.481	/	( (78.329	+	80.849)	/ 2 )
	=	6.481	/	79.589
	=	8.14 %

Balticon's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	5.096	/	( ( (133.289 - 52.44)	+	(130.41 - 50.03) )	/ 2 )
	=	5.096	/	( ( 80.849	+	80.38 )	/ 2 )
	=	5.096	/	80.6145
	=	6.32 %

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

Balticon (WAR:BLT) 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.

Balticon ROCE % Related Terms

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Balticon (WAR:BLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Balticon SA (WAR:BLT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Professor Andruszkiewicza 5, Gdansk, POL, 80-601

Website

https://www.balticon.pl

Balticon SA supports container traffic handling for international sea owners and trade forwarders. The company offers a variety of shipping containers, modern refrigerator containers, transports of containers by roads and railways between seaports and senders / recipients of the goods and depot services in all Polish ports.