Izertis (XMAD:IZER) ROCE % : 7.00% (As of Jun. 2024)

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What is Izertis 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. Izertis's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.00%.

Izertis ROCE % Historical Data

The historical data trend for Izertis'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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Izertis ROCE % Chart

Izertis Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.74

7.06

6.15

6.76

8.15

Izertis Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								7.93	6.06	9.23	7.68	7.00

Izertis ROCE % Calculation

Izertis'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 )
	=	9.687	/	( ( (144.625 - 42.487)	+	(192.267 - 56.592) )	/ 2 )
	=	9.687	/	( (102.138	+	135.675)	/ 2 )
	=	9.687	/	118.9065
	=	8.15 %

Izertis's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	9.762	/	( ( (192.267 - 56.592)	+	(189.131 - 45.923) )	/ 2 )
	=	9.762	/	( ( 135.675	+	143.208 )	/ 2 )
	=	9.762	/	139.4415
	=	7.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Izertis (XMAD:IZER) 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.

Izertis ROCE % Related Terms

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Izertis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Izertis SA (XMAD:IZER) » Definitions » ROCE %

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Address

Avda. del Jardin Botanico 1345, Edificio Intra, Gijon, ESP, 33203

Website

https://www.izertis.com

Izertis SA is a technology consulting company. The company is specialized in providing strategic digital transformation consulting services in areas like AI, Data & Intelligence, Cyber Security, Blockchain, Business solutions, and Smart Software labs.

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