Oponeo pl (WAR:OPN) ROCE % : 17.46% (As of Sep. 2024)

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What is Oponeo pl 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. Oponeo pl's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.46%.

Oponeo pl ROCE % Historical Data

The historical data trend for Oponeo pl'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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Oponeo pl ROCE % Chart

Oponeo pl Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.45

16.59

25.43

13.54

18.31

Oponeo pl Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-7.74	79.17	4.50	41.70	17.46

Oponeo pl ROCE % Calculation

Oponeo pl'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 )
	=	76.932	/	( ( (687.499 - 224.858)	+	(679.064 - 301.238) )	/ 2 )
	=	76.932	/	( (462.641	+	377.826)	/ 2 )
	=	76.932	/	420.2335
	=	18.31 %

Oponeo pl'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 )
	=	60.064	/	( ( (807.589 - 462.812)	+	(974.054 - 630.88) )	/ 2 )
	=	60.064	/	( ( 344.777	+	343.174 )	/ 2 )
	=	60.064	/	343.9755
	=	17.46 %

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

Oponeo pl (WAR:OPN) 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.

Oponeo pl ROCE % Related Terms

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Oponeo pl Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Oponeo pl SA (WAR:OPN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

79I:Germany

Address

ul. Podlesna 17, Bydgoszcz, POL, 85-145

Website

http://www.oponeo.pl

Oponeo pl SA sells tires and wheels through the internet and stores. The company's activity is based on their own IT solutions, which include, inter alia, a centralized system of ControlCenter.

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