Advance Equity Holding AD Sofia (XBUL:ADVE) ROCE % : 11.21% (As of Sep. 2019)

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What is Advance Equity Holding AD Sofia 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. Advance Equity Holding AD Sofia's annualized ROCE % for the quarter that ended in Sep. 2019 was 11.21%.

Advance Equity Holding AD Sofia ROCE % Historical Data

The historical data trend for Advance Equity Holding AD Sofia'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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Advance Equity Holding AD Sofia ROCE % Chart

Advance Equity Holding AD Sofia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-6.25

-3.71

-3.26

1.11

-74.10

Advance Equity Holding AD Sofia Quarterly Data
	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															-3.86	-11.18	-390.07	-	11.21

Advance Equity Holding AD Sofia ROCE % Calculation

Advance Equity Holding AD Sofia's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-11.387	/	( ( (37.33 - 10.437)	+	(19.701 - 15.861) )	/ 2 )
	=	-11.387	/	( (26.893	+	3.84)	/ 2 )
	=	-11.387	/	15.3665
	=	-74.10 %

Advance Equity Holding AD Sofia's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	0.636	/	( ( (23.495 - 17.75)	+	(22.317 - 16.715) )	/ 2 )
	=	0.636	/	( ( 5.745	+	5.602 )	/ 2 )
	=	0.636	/	5.6735
	=	11.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Advance Equity Holding AD Sofia (XBUL:ADVE) 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.

Advance Equity Holding AD Sofia ROCE % Related Terms

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Advance Equity Holding AD Sofia (XBUL:ADVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advance Equity Holding AD Sofia (XBUL:ADVE) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Bul. Hristo Botev 57, Sofia, BGR, 1303

Website

http://www.advancequity.bg

Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.

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