ALBA SE (LTS:0K7C) ROCE % : 1.56% (As of Dec. 2023)

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What is ALBA SE 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. ALBA SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.56%.

ALBA SE ROCE % Historical Data

The historical data trend for ALBA SE'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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ALBA SE ROCE % Chart

ALBA SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.14

-0.71

8.36

7.13

2.94

ALBA SE 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															9.99	9.72	4.60	4.36	1.56

ALBA SE ROCE % Calculation

ALBA SE'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 )
	=	4.849	/	( ( (207.451 - 38.73)	+	(199.675 - 38.78) )	/ 2 )
	=	4.849	/	( (168.721	+	160.895)	/ 2 )
	=	4.849	/	164.808
	=	2.94 %

ALBA SE'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 )
	=	2.514	/	( ( (207.535 - 46.669)	+	(199.675 - 38.78) )	/ 2 )
	=	2.514	/	( ( 160.866	+	160.895 )	/ 2 )
	=	2.514	/	160.8805
	=	1.56 %

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

ALBA SE (LTS:0K7C) 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.

ALBA SE ROCE % Related Terms

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ALBA SE (LTS:0K7C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » ALBA SE (LTS:0K7C) » Definitions » ROCE %

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ABA:Germany

Address

Stollwerckstraße 9a, Cologne, DEU, 51149

Website

http://www.alba-se.com

ALBA SE is a German based holding company providing environmental services. Its activities are divided into two segments including Steel & Metals Recycling segment and Services segment. The Steel and Metals Recycling segment comprises all of the company's subsidiaries that undertake to recycle of steel and metals activities. The Services segment comprises activities, such as take-back of transport packaging, sales packaging and used paper bags, as well as recovery of waste electrical and electronic equipment. A major part of revenue comes from Steel and Metals segment. It operates in Germany, European countries and Non-European countries, Germany being the country with highest sales.

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