Creta Plastics (ATH:PLAKR) ROCE % : 11.09% (As of Dec. 2023)

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What is Creta Plastics 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. Creta Plastics's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.09%.

Creta Plastics ROCE % Historical Data

The historical data trend for Creta Plastics'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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Creta Plastics ROCE % Chart

Creta Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.65

19.12

19.40

13.43

12.95

Creta Plastics 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															19.61	17.85	8.51	15.15	11.09

Creta Plastics ROCE % Calculation

Creta Plastics'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 )
	=	54.316	/	( ( (458.457 - 49.971)	+	(469.29 - 38.608) )	/ 2 )
	=	54.316	/	( (408.486	+	430.682)	/ 2 )
	=	54.316	/	419.584
	=	12.95 %

Creta Plastics'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 )
	=	46.624	/	( ( (470.666 - 60.335)	+	(469.29 - 38.608) )	/ 2 )
	=	46.624	/	( ( 410.331	+	430.682 )	/ 2 )
	=	46.624	/	420.5065
	=	11.09 %

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

Creta Plastics (ATH:PLAKR) 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.

Creta Plastics ROCE % Related Terms

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Creta Plastics (ATH:PLAKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Creta Plastics SA (ATH:PLAKR) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

P.O.Box 1093, Crete, Iraklion, GRC, 71001

Website

http://www.plastikakritis.com

Creta Plastics SA is a European producer of masterbatches and agricultural films. The company is serving with its products the plastics industry, the horticultural & agricultural markets as well as projects related to water-management & environment protection. The company specializes in the production of Kritilen, Kritifil, Kritiflex, Kritisol, Kritisan And Kritires.

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