Elektrokrajina AD (XBLB:EKBL-R-A) ROCE %: 0.84% (As of Dec. 2023)

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What is Elektrokrajina AD ROCE %?

Elektrokrajina AD XBLB:EKBL-R-A ROCE % is 0.84% as of Dec. 2023.

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. Elektrokrajina AD's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.84%.

Elektrokrajina AD  (XBLB:EKBL-R-A) 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.

Elektrokrajina AD ROCE % Related Terms

Elektrokrajina AD ROCE % Historical Data

* Premium members only.

The historical data trend for Elektrokrajina AD'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.

Elektrokrajina AD ROCE % Chart

Elektrokrajina AD Annual Data
Trend Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 0.51 0.68 0.00 1.03 0.84

Elektrokrajina AD Semi-Annual Data
Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
ROCE % Get a 7-Day Free Trial 0.51 0.68 0.00 1.03 0.84

Elektrokrajina AD ROCE % Calculation

Elektrokrajina AD'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 )
=2.847/( ( (508.801 - 165.849) + (510.075 - 173.931) )/ 2 )
=2.847/( (342.952+336.144)/ 2 )
=2.847/339.548
=0.84 %

Elektrokrajina AD'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: Dec. 2022 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=2.847/( ( (508.801 - 165.849) + (510.075 - 173.931) )/ 2 )
=2.847/( ( 342.952 + 336.144 )/ 2 )
=2.847/339.548
=0.84 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.84% mean?
Elektrokrajina AD (XBLB:EKBL-R-A) has a ROCE % of 0.84% as of Dec. 2023.
Is Elektrokrajina AD's ROCE % too high?
Elektrokrajina AD's current ROCE % is 0.84%. The Utilities - Regulated industry median ROCE % is 6.96. Elektrokrajina AD's value of 0.84% is 87.9% below this industry median.
How does Elektrokrajina AD's ROCE % compare to NEE and SO?
Elektrokrajina AD's ROCE % of 0.84% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.96. Elektrokrajina AD's value of 0.84% is 87.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.96, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elektrokrajina AD's current ROCE % of 0.84% is 87.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elektrokrajina AD's current ROCE % is 0.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektrokrajina AD stock overvalued right now?
Elektrokrajina AD (XBLB:EKBL-R-A) has a current ROCE % of 0.84%. The current ROCE % is 0.84% and 87.9% below the Utilities - Regulated industry median of 6.96. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Elektrokrajina AD (XBLB:EKBL-R-A), the current ROCE % is 0.84% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elektrokrajina AD Business Description

Address 95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000
Elektrokrajina AD is an electricity distribution company operating in Bosnia and Herzegovina. The activities of the company include distribution and supply of electricity and designing power facilities as well as building and maintaining them.