Grupa Azoty Zaklady Chemiczne Police (WAR:PCE) ROCE % : -220.84% (As of Dec. 2023)

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What is Grupa Azoty Zaklady Chemiczne Police 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. Grupa Azoty Zaklady Chemiczne Police's annualized ROCE % for the quarter that ended in Dec. 2023 was -220.84%.

Grupa Azoty Zaklady Chemiczne Police ROCE % Historical Data

The historical data trend for Grupa Azoty Zaklady Chemiczne Police'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.
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Grupa Azoty Zaklady Chemiczne Police ROCE % Chart

Grupa Azoty Zaklady Chemiczne Police Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.72

7.39

6.57

-4.45

-54.64

Grupa Azoty Zaklady Chemiczne Police Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-56.36	-5.04	2.34	-24.53	-220.84

Grupa Azoty Zaklady Chemiczne Police ROCE % Calculation

Grupa Azoty Zaklady Chemiczne Police'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 )
	=	-1049.823	/	( ( (4349.522 - 1772.128)	+	(3304.523 - 2039.499) )	/ 2 )
	=	-1049.823	/	( (2577.394	+	1265.024)	/ 2 )
	=	-1049.823	/	1921.209
	=	-54.64 %

Grupa Azoty Zaklady Chemiczne Police's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3635.588	/	( ( (3847.385 - 1819.915)	+	(3304.523 - 2039.499) )	/ 2 )
	=	-3635.588	/	( ( 2027.47	+	1265.024 )	/ 2 )
	=	-3635.588	/	1646.247
	=	-220.84 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Grupa Azoty Zaklady Chemiczne Police (WAR:PCE) 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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Grupa Azoty Zaklady Chemiczne Police (WAR:PCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Grupa Azoty Zaklady Chemiczne Police SA (WAR:PCE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul Kuznicka 1, Police, POL, 72-010

Website

http://www.zchpolice.grupaazoty.com

Grupa Azoty Zaklady Chemiczne Police SA is a Poland based company operating in the chemical industry. Its core business activities include manufacturing and sale of fertilizers, pigments, chemicals, plastics, sulfur, among others. Its product portfolio includes nitrogenous fertilizers, nitrogen fertilizers with sulfur, compound fertilizers, polyethylene tubes, plasticizers, alcohols, catalysts, organic chemicals, inorganic chemicals, liquid sulfur, insoluble sulfur, sulfur pastilles, among others.

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