Zemaitijos Pienas AB (OVSE:ZMP1L) ROCE % : 27.04% (As of Dec. 2023)

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What is Zemaitijos Pienas AB 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. Zemaitijos Pienas AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.04%.

Zemaitijos Pienas AB ROCE % Historical Data

The historical data trend for Zemaitijos Pienas AB'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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Zemaitijos Pienas AB ROCE % Chart

Zemaitijos Pienas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.05

10.99

8.20

4.37

20.29

Zemaitijos Pienas AB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.26	3.18	5.37	12.48	27.04

Zemaitijos Pienas AB ROCE % Calculation

Zemaitijos Pienas AB'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 )
	=	25.808	/	( ( (164.875 - 48.763)	+	(166.475 - 28.257) )	/ 2 )
	=	25.808	/	( (116.112	+	138.218)	/ 2 )
	=	25.808	/	127.165
	=	20.29 %

Zemaitijos Pienas AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	36.262	/	( ( (161.431 - 31.396)	+	(166.475 - 28.257) )	/ 2 )
	=	36.262	/	( ( 130.035	+	138.218 )	/ 2 )
	=	36.262	/	134.1265
	=	27.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Zemaitijos Pienas AB (OVSE:ZMP1L) 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.

Zemaitijos Pienas AB ROCE % Related Terms

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Zemaitijos Pienas AB (OVSE:ZMP1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zemaitijos Pienas AB (OVSE:ZMP1L) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Sedos Street. 35, Telsiai, LTU, 87101

Website

https://www.zpienas.lt

Zemaitijos Pienas AB, along with its subsidiaries is engaged in production and sale of dairy products. Its products include cheese and cheese products, pre-packaged cheese, cream, buttermilk products mixed spreads, milk fat, pasteurized cream, dried milk products, and fresh dairy products. The company markets its products under Dziugas, Germanto, Zemaitijos, Magija, Piknik, Rambyno, and Dobilas. Zemaitijos generates the majority of its revenue from Lithuania.

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