Odlewnie Polskie (WAR:ODL) ROCE % : 7.20% (As of Sep. 2024)

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What is Odlewnie Polskie 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. Odlewnie Polskie's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.20%.

Odlewnie Polskie ROCE % Historical Data

The historical data trend for Odlewnie Polskie'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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Odlewnie Polskie ROCE % Chart

Odlewnie Polskie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.38

20.24

25.84

34.25

31.83

Odlewnie Polskie Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															21.72	22.96	13.63	-	7.20

Odlewnie Polskie ROCE % Calculation

Odlewnie Polskie'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 )
	=	43.581	/	( ( (182.416 - 57.522)	+	(184.429 - 35.511) )	/ 2 )
	=	43.581	/	( (124.894	+	148.918)	/ 2 )
	=	43.581	/	136.906
	=	31.83 %

Odlewnie Polskie's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	10.632	/	( ( (181.167 - 34.028)	+	(179.4 - 31.28) )	/ 2 )
	=	10.632	/	( ( 147.139	+	148.12 )	/ 2 )
	=	10.632	/	147.6295
	=	7.20 %

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

Odlewnie Polskie (WAR:ODL) 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.

Odlewnie Polskie ROCE % Related Terms

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Odlewnie Polskie Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Odlewnie Polskie SA (WAR:ODL) » Definitions » ROCE %

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Address

Aleja Wyzwolenia 70, Starachowice, POL, 27-200

Website

http://www.odlewniepolskie.pl

Odlewnie Polskie SA is involved in producing and selling castings in Poland. It offers castings made of grey cast iron, nodular cast iron, ADI cast iron, SiMo cast iron, and steel cast materials for use in the machine, automotive, heavy rail, energy, and appliance industries, as well as in industrial instruments, and plumbing and sewage systems.

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