ELQ Spolka Akcyjna (WAR:ELQ) ROCE % : 20.62% (As of Mar. 2024)

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What is ELQ Spolka Akcyjna 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. ELQ Spolka Akcyjna's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.62%.

ELQ Spolka Akcyjna ROCE % Historical Data

The historical data trend for ELQ Spolka Akcyjna'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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ELQ Spolka Akcyjna ROCE % Chart

ELQ Spolka Akcyjna Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-3.70

47.09

-3.34

-11.26

41.89

ELQ Spolka Akcyjna Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															353.15	102.42	222.86	113.58	20.62

ELQ Spolka Akcyjna ROCE % Calculation

ELQ Spolka Akcyjna'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 )
	=	2.44	/	( ( (17.914 - 13.098)	+	(44.132 - 37.298) )	/ 2 )
	=	2.44	/	( (4.816	+	6.834)	/ 2 )
	=	2.44	/	5.825
	=	41.89 %

ELQ Spolka Akcyjna'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	4.6	/	( ( (60.348 - 44.588)	+	(67.859 - 39.002) )	/ 2 )
	=	4.6	/	( ( 15.76	+	28.857 )	/ 2 )
	=	4.6	/	22.3085
	=	20.62 %

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

ELQ Spolka Akcyjna (WAR:ELQ) 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.

ELQ Spolka Akcyjna ROCE % Related Terms

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ELQ Spolka Akcyjna (WAR:ELQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELQ Spolka Akcyjna (WAR:ELQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7DP:Germany

Address

ulica Jagiellonska 81/83, Czestochowa, POL, 42-200

Website

http://www.el-q.com.pl

ELQ Spolka Akcyjna manufactures prefabricated transformer stations MV / LV Cabinet of concrete and metal. The company supplies, installs and commissions power devices in the area of the secondary distribution of electricity. Its products include SN switchboard Ma20, ELQUSIM station 20/630 Mkb, SOLAR station IG 20/1000, station SOLAR IP 20/630 and station 20/250.

ELQ Spolka Akcyjna (WAR:ELQ) Headlines

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