Gi Group Poland (WAR:GIG) ROCE % : -22.44% (As of Mar. 2024)

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What is Gi Group Poland 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. Gi Group Poland's annualized ROCE % for the quarter that ended in Mar. 2024 was -22.44%.

Gi Group Poland ROCE % Historical Data

The historical data trend for Gi Group Poland'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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Gi Group Poland ROCE % Chart

Gi Group Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-39.12

41.46

-1.91

-30.09

-14.93

Gi Group Poland Quarterly Data
	Dec17	Sep18	Dec18	Sep19	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															23.62	-1.07	22.37	-110.42	-22.44

Gi Group Poland ROCE % Calculation

Gi Group Poland'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 )
	=	-11.203	/	( ( (214.634 - 128.509)	+	(192.71 - 128.805) )	/ 2 )
	=	-11.203	/	( (86.125	+	63.905)	/ 2 )
	=	-11.203	/	75.015
	=	-14.93 %

Gi Group Poland'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 )
	=	-12.932	/	( ( (192.71 - 128.805)	+	(172.575 - 121.245) )	/ 2 )
	=	-12.932	/	( ( 63.905	+	51.33 )	/ 2 )
	=	-12.932	/	57.6175
	=	-22.44 %

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

Gi Group Poland (WAR:GIG) 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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Gi Group Poland (WAR:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gi Group Poland SA (WAR:GIG) » Definitions » ROCE %

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Address

Sky Tower, ul. Gwiazdzista 66, Wroclaw, POL, 53-413

Website

https://www.workservice.pl

Gi Group Poland SA formerly Work Service SA is a Poland-based employment agency. It specializes in employment services and modern human resource solutions, providing services in the area of recruitment, the provision of skilled workers to clients, consulting and human resource management. The company has four main product lines, Temporary work, Outsourcing, Personnel Consulting and Strategic HR Consulting. The company generates a majority of its revenue from temporary work segment covering services relating to the recruitment of temporary workers directed to work for the contractor, supervising their work, reporting results, as well as the calculation of the components of remuneration and personnel record keeping and payment of wages.