Olymp (WAR:OLY) ROCE % : -69.22% (As of Jun. 2024)

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What is Olymp 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. Olymp's annualized ROCE % for the quarter that ended in Jun. 2024 was -69.22%.

Olymp ROCE % Historical Data

The historical data trend for Olymp'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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Olymp ROCE % Chart

Olymp Annual Data

Trend

Dec20

Dec21

ROCE %

-5.47

-26.61

Olymp Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial						-27.48	-44.83	-69.41	-32.44	-69.22

Olymp ROCE % Calculation

Olymp's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-0.592	/	( ( (4.487 - 2.146)	+	(2.755 - 0.646) )	/ 2 )
	=	-0.592	/	( (2.341	+	2.109)	/ 2 )
	=	-0.592	/	2.225
	=	-26.61 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-2.568	/	( ( (6.421 - 2.479)	+	(5.85 - 2.372) )	/ 2 )
	=	-2.568	/	( ( 3.942	+	3.478 )	/ 2 )
	=	-2.568	/	3.71
	=	-69.22 %

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

Olymp (WAR:OLY) 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.

Olymp ROCE % Related Terms

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Olymp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Olymp SA (WAR:OLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marcelinska 62/10, Poznan, POL, 60-354

Website

https://www.olymp1972.com

Olymp SA manufactures strength equipment and distributes its own brands of fitness equipment. focuses its activity on strength machines. The company's brands include Olymp Classic and Olymp New Generation.

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