Cognor Holding (WAR:COG) ROCE % : 14.37% (As of Sep. 2023)

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What is Cognor Holding 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. Cognor Holding's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.37%.

Cognor Holding ROCE % Historical Data

The historical data trend for Cognor Holding'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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Cognor Holding ROCE % Chart

Cognor Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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22.25

8.15

9.71

65.41

61.56

Cognor Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															51.68	34.99	47.02	12.34	14.37

Cognor Holding ROCE % Calculation

Cognor Holding's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	765.832	/	( ( (1505.172 - 591.672)	+	(2083.016 - 508.473) )	/ 2 )
	=	765.832	/	( (913.5	+	1574.543)	/ 2 )
	=	765.832	/	1244.0215
	=	61.56 %

Cognor Holding's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	240.088	/	( ( (2230.441 - 567.462)	+	(2263.337 - 585.717) )	/ 2 )
	=	240.088	/	( ( 1662.979	+	1677.62 )	/ 2 )
	=	240.088	/	1670.2995
	=	14.37 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Cognor Holding (WAR:COG) 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.

Cognor Holding ROCE % Related Terms

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Cognor Holding (WAR:COG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cognor Holding SA (WAR:COG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WO9:Germany

Address

ul. Zielona 26, Kielce, POL, 25-563

Website

http://www.cognor.pl

Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.

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