Zentiva (BSE:SCD) ROCE % : 20.26% (As of Sep. 2023)

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What is Zentiva 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. Zentiva's annualized ROCE % for the quarter that ended in Sep. 2023 was 20.26%.

Zentiva ROCE % Historical Data

The historical data trend for Zentiva'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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Zentiva ROCE % Chart

Zentiva Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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61.56

8.05

10.62

13.91

11.91

Zentiva Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															2.77	27.77	20.25	12.41	20.26

Zentiva ROCE % Calculation

Zentiva'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 )
	=	115.422	/	( ( (1049.606 - 141.572)	+	(1205.173 - 174.185) )	/ 2 )
	=	115.422	/	( (908.034	+	1030.988)	/ 2 )
	=	115.422	/	969.511
	=	11.91 %

Zentiva's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	228.3	/	( ( (1372.92 - 270.767)	+	(1358.753 - 206.725) )	/ 2 )
	=	228.3	/	( ( 1102.153	+	1152.028 )	/ 2 )
	=	228.3	/	1127.0905
	=	20.26 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Zentiva (BSE:SCD) 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.

Zentiva ROCE % Related Terms

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Zentiva (BSE:SCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zentiva SA (BSE:SCD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50, Theodor Pallady Boulevard, Sector 3, Bucharest, ROU, 032266

Website

https://www.zentiva.ro

Zentiva SA is a Romania-based producer of medicines on the local market. The product portfolio of Zentiva SA includes 126 products for human use, such as solids (tablets, capsules, and pellets) and injectable solutions.