Skopski Pazar AD (XMAE:SPAZ) ROCE % : 7.72% (As of Mar. 2024)

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What is Skopski Pazar 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. Skopski Pazar AD's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.72%.

Skopski Pazar AD ROCE % Historical Data

The historical data trend for Skopski Pazar 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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Skopski Pazar AD ROCE % Chart

Skopski Pazar AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.18

5.28

3.17

4.95

5.53

Skopski Pazar AD Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.62	-0.17	10.46	-	7.72

Skopski Pazar AD ROCE % Calculation

Skopski Pazar 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 )
	=	145.733	/	( ( (2893.473 - 264.983)	+	(3051.237 - 405.35) )	/ 2 )
	=	145.733	/	( (2628.49	+	2645.887)	/ 2 )
	=	145.733	/	2637.1885
	=	5.53 %

Skopski Pazar AD's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	204.296	/	( ( (3051.237 - 405.35)	+	(0 - 0) )	/ 1 )
	=	204.296	/	( ( 2645.887	+	0 )	/ 1 )
	=	204.296	/	2645.887
	=	7.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Skopski Pazar AD (XMAE:SPAZ) 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.

Skopski Pazar AD ROCE % Related Terms

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Skopski Pazar AD (XMAE:SPAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Skopski Pazar AD (XMAE:SPAZ) » Definitions » ROCE %

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Address

109b Jane Sandanski Boulevard, Skopje, MKD, 1000

Website

http://www.skopskipazar.com.mk

Skopski Pazar AD operates supermarkets. Its business activities are divided into three divisions including trade, real estate renting and catering. Trade division operates supermarkets under the name SP Market and discounts stores under the name Maksi D. Real estate renting division invests in modern buildings and renovates market structures. Catering divisions operates a restaurant in Taftalidze.

Skopski Pazar AD (XMAE:SPAZ) Headlines

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