Trayal Korporacija a.d (XBEL:TRAY) ROCE % : 16.43% (As of Dec. 2023)

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What is Trayal Korporacija a.d 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. Trayal Korporacija a.d's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.43%.

Trayal Korporacija a.d ROCE % Historical Data

The historical data trend for Trayal Korporacija a.d'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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Trayal Korporacija a.d ROCE % Chart

Trayal Korporacija a.d Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.28

0.65

24.32

1.19

10.07

Trayal Korporacija a.d Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-	-	-	4.61	16.43

Trayal Korporacija a.d ROCE % Calculation

Trayal Korporacija a.d'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 )
	=	845.331	/	( ( (11969.343 - 3923.513)	+	(12545.01 - 3808.091) )	/ 2 )
	=	845.331	/	( (8045.83	+	8736.919)	/ 2 )
	=	845.331	/	8391.3745
	=	10.07 %

Trayal Korporacija a.d'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1332.498	/	( ( (12412.097 - 4933.222)	+	(12545.01 - 3808.091) )	/ 2 )
	=	1332.498	/	( ( 7478.875	+	8736.919 )	/ 2 )
	=	1332.498	/	8107.897
	=	16.43 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Trayal Korporacija a.d (XBEL:TRAY) 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.

Trayal Korporacija a.d ROCE % Related Terms

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Trayal Korporacija a.d (XBEL:TRAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Trayal Korporacija a.d (XBEL:TRAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parunovacka 18 V, Krusevac, SRB, 37000

Website

http://www.trayal.rs

Trayal Korporacija a.d is engaged in the manufacture of rubber tires, retreading and rebuilding of rubber tires.

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