Rodna Zemya Holding AD (XBUL:HRZ) ROCE % : 0.85% (As of Sep. 2023)

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What is Rodna Zemya Holding AD 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. Rodna Zemya Holding AD's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.85%.

Rodna Zemya Holding AD ROCE % Historical Data

The historical data trend for Rodna Zemya Holding 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.

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Rodna Zemya Holding AD ROCE % Chart

Rodna Zemya Holding AD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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7.84

25.35

4.36

2.60

3.23

Rodna Zemya Holding AD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															3.03	3.74	4.01	3.23	0.85

Rodna Zemya Holding AD ROCE % Calculation

Rodna Zemya Holding AD's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	7.265	/	( ( (296.455 - 115.787)	+	(354.945 - 85.248) )	/ 2 )
	=	7.265	/	( (180.668	+	269.697)	/ 2 )
	=	7.265	/	225.1825
	=	3.23 %

Rodna Zemya Holding AD's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.304	/	( ( (354.459 - 85.244)	+	(354.33 - 82.174) )	/ 2 )
	=	2.304	/	( ( 269.215	+	272.156 )	/ 2 )
	=	2.304	/	270.6855
	=	0.85 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Rodna Zemya Holding AD (XBUL:HRZ) 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.

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Rodna Zemya Holding AD (XBUL:HRZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Rodna Zemya Holding AD (XBUL:HRZ) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

San Stefano Street 3, Varna, BGR

Website

http://www.rodnazemya.bg

Rodna Zemya Holding AD is a holding company.

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