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 %?

Advance Equity Holding AD Sofia XBUL:ADVE ROCE % is 11.21% as of Sep. 2019.

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  (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

Advance Equity Holding AD Sofia ROCE % Historical Data

* Premium members only.

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.

Advance Equity Holding AD Sofia ROCE % Chart

Advance Equity Holding AD Sofia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROCE %
Get a 7-Day Free Trial -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.86 -11.18 -390.07 0.00 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.

* 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 11.21% mean?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a ROCE % of 11.21% as of Sep. 2019.
Is Advance Equity Holding AD Sofia's ROCE % too high?
Advance Equity Holding AD Sofia's current ROCE % is 11.21%. The Asset Management industry median ROCE % is 4.39. Advance Equity Holding AD Sofia's value of 11.21% is 155.4% above this industry median.
How does Advance Equity Holding AD Sofia's ROCE % compare to MILC?
Advance Equity Holding AD Sofia's ROCE % of 11.21% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. Advance Equity Holding AD Sofia's value of 11.21% is 155.4% above 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 Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 709 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. Advance Equity Holding AD Sofia's current ROCE % of 11.21% is 155.4% above 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 Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Equity Holding AD Sofia's current ROCE % is 11.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Equity Holding AD Sofia stock overvalued right now?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a current ROCE % of 11.21%. The current ROCE % is 11.21% and 155.4% above the Asset Management industry median of 4.39. 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 Advance Equity Holding AD Sofia (XBUL:ADVE), the current ROCE % is 11.21% as of Sep. 2019. 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.

Advance Equity Holding AD Sofia Business Description

Address Boulevard Hristo Botev No. 57 6, Sofia, BGR, 1303
Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.