ABO-Group Environment NV (LTS:0QXA) ROCE % : 13.60% (As of Dec. 2023)

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What is ABO-Group Environment NV 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. ABO-Group Environment NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.60%.

ABO-Group Environment NV ROCE % Historical Data

The historical data trend for ABO-Group Environment NV'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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ABO-Group Environment NV ROCE % Chart

ABO-Group Environment NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.81

10.27

9.36

9.12

10.76

ABO-Group Environment NV 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															9.57	12.21	6.26	8.81	13.60

ABO-Group Environment NV ROCE % Calculation

ABO-Group Environment NV'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 )
	=	4.43	/	( ( (70.761 - 34.512)	+	(86.288 - 40.209) )	/ 2 )
	=	4.43	/	( (36.249	+	46.079)	/ 2 )
	=	4.43	/	41.164
	=	10.76 %

ABO-Group Environment NV'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 )
	=	5.64	/	( ( (72.114 - 35.239)	+	(86.288 - 40.209) )	/ 2 )
	=	5.64	/	( ( 36.875	+	46.079 )	/ 2 )
	=	5.64	/	41.477
	=	13.60 %

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

ABO-Group Environment NV (LTS:0QXA) 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.

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ABO-Group Environment NV (LTS:0QXA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » ABO-Group Environment NV (LTS:0QXA) » Definitions » ROCE %

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ABO:Belgium

Address

Derbystraat 255, Gent, BEL, 9051

Website

http://www.abo-group.eu

ABO-Group Environment NV is engaged in developing environmental companies providing testing and engineering in areas including soil, environment, geotechnical, energy and waste management.

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