Polman (WAR:PLM) ROCE % : 60.61% (As of Sep. 2024)

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What is Polman 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. Polman's annualized ROCE % for the quarter that ended in Sep. 2024 was 60.61%.

Polman ROCE % Historical Data

The historical data trend for Polman'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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Polman ROCE % Chart

Polman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.10

9.32

2.85

4.33

-2.59

Polman 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															15.53	-88.21	-46.00	-20.91	60.61

Polman ROCE % Calculation

Polman'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 )
	=	-0.252	/	( ( (14.318 - 3.805)	+	(11.868 - 2.953) )	/ 2 )
	=	-0.252	/	( (10.513	+	8.915)	/ 2 )
	=	-0.252	/	9.714
	=	-2.59 %

Polman'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 )
	=	4.904	/	( ( (11.354 - 3.827)	+	(13.76 - 5.105) )	/ 2 )
	=	4.904	/	( ( 7.527	+	8.655 )	/ 2 )
	=	4.904	/	8.091
	=	60.61 %

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

Polman (WAR:PLM) 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.

Polman ROCE % Related Terms

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Polman Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Polman SA (WAR:PLM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. On the Skraju Street 68, Warsaw, POL, 02-197

Website

http://www.polman.pl

Polman SA provides various industrial cleaning services. The company activities inlcude high-pressure cleaning of industrial surfaces and installations, chemical cleaning and etching of industrial installations, vacuuming and dedusting, vacuum loading, transport and unloading of all loose, semi-liquid and liquid materials, cleaning and rinsing oil systems with oil change and hydrodynamic cleaning of air and smoke heaters etc. The company serves petrochemical, chemical, energy, and combined heat and power, food and paper industries.