Athens Water Supply & Sewerage Co (ATH:EYDAP) ROCE % : 1.06% (As of Jun. 2023)

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What is Athens Water Supply & Sewerage Co 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. Athens Water Supply & Sewerage Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 1.06%.

Athens Water Supply & Sewerage Co ROCE % Historical Data

The historical data trend for Athens Water Supply & Sewerage Co'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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Athens Water Supply & Sewerage Co ROCE % Chart

Athens Water Supply & Sewerage Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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5.72

5.97

-5.36

4.33

0.92

Athens Water Supply & Sewerage Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															3.64	5.11	3.14	-1.38	1.06

Athens Water Supply & Sewerage Co ROCE % Calculation

Athens Water Supply & Sewerage Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	12.546	/	( ( (1696.021 - 295.444)	+	(1467.858 - 128.416) )	/ 2 )
	=	12.546	/	( (1400.577	+	1339.442)	/ 2 )
	=	12.546	/	1370.0095
	=	0.92 %

Athens Water Supply & Sewerage Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	14.25	/	( ( (1467.858 - 128.416)	+	(1442.88 - 105.399) )	/ 2 )
	=	14.25	/	( ( 1339.442	+	1337.481 )	/ 2 )
	=	14.25	/	1338.4615
	=	1.06 %

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

Athens Water Supply & Sewerage Co (ATH:EYDAP) 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.

Athens Water Supply & Sewerage Co ROCE % Related Terms

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Athens Water Supply & Sewerage Co (ATH:EYDAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Athens Water Supply & Sewerage Co (ATH:EYDAP) » Definitions » ROCE %

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EYP:Germany

Address

156 Oropou Street, Galatsi, Athens, GRC, 11146

Website

https://www.eydap.gr

Athens Water Supply & Sewerage Co is a Greek water supply, refinement, and waste management company. The company operates primarily in various municipalities in the Attica region of Southern Greece. Key segments include water supply, sewerage, and wastewater treatment, and energy. The energy segment is involved in power generation through hydropower, natural gas, and solar energy. The company derives the majority of its revenue from commercial and residential consumers. The company also sells to industrial and local authorities.

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