Industrial Capital Holding AD (XBUL:HIKA) ROCE % : 25.27% (As of Sep. 2023)

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What is Industrial Capital Holding AD 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. Industrial Capital Holding AD's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.27%.

Industrial Capital Holding AD ROCE % Historical Data

The historical data trend for Industrial Capital Holding AD'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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Industrial Capital Holding AD ROCE % Chart

Industrial Capital Holding AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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13.30

11.26

12.44

16.36

25.16

Industrial Capital Holding AD 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															30.79	18.98	34.45	22.58	25.27

Industrial Capital Holding AD ROCE % Calculation

Industrial Capital Holding AD'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 )
	=	47.633	/	( ( (212.033 - 38.025)	+	(244.293 - 39.631) )	/ 2 )
	=	47.633	/	( (174.008	+	204.662)	/ 2 )
	=	47.633	/	189.335
	=	25.16 %

Industrial Capital Holding AD'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 )
	=	58.348	/	( ( (293.535 - 68.906)	+	(274.191 - 37.059) )	/ 2 )
	=	58.348	/	( ( 224.629	+	237.132 )	/ 2 )
	=	58.348	/	230.8805
	=	25.27 %

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

Industrial Capital Holding AD (XBUL:HIKA) 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.

Industrial Capital Holding AD ROCE % Related Terms

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Industrial Capital Holding AD (XBUL:HIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Industrial Capital Holding AD (XBUL:HIKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Bacho Kiro str, Sofia, BGR, 1000

Website

http://www.hika-bg.com

Industrial Capital Holding AD is a Bulgaria-based holding company engaged in the evaluation, acquisition, management, and sale of shares in Bulgarian and foreign companies.

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