Sinergon Holding AD (XBUL:SNRG) ROCE % : 0.50% (As of Jun. 2023)

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What is Sinergon 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. Sinergon Holding AD's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.50%.

Sinergon Holding AD ROCE % Historical Data

The historical data trend for Sinergon 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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Sinergon Holding AD ROCE % Chart

Sinergon Holding AD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-2.95

-4.67

0.19

-2.34

-2.91

Sinergon Holding AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															1.48	10.18	17.60	10.26	0.50

Sinergon Holding AD ROCE % Calculation

Sinergon Holding AD's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-7.275	/	( ( (318.689 - 64.656)	+	(351.2 - 104.598) )	/ 2 )
	=	-7.275	/	( (254.033	+	246.602)	/ 2 )
	=	-7.275	/	250.3175
	=	-2.91 %

Sinergon Holding AD's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	1.456	/	( ( (388.44 - 93.563)	+	(362.558 - 70.638) )	/ 2 )
	=	1.456	/	( ( 294.877	+	291.92 )	/ 2 )
	=	1.456	/	293.3985
	=	0.50 %

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

Sinergon Holding AD (XBUL:SNRG) 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.

Sinergon Holding AD ROCE % Related Terms

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Sinergon Holding AD (XBUL:SNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sinergon Holding AD (XBUL:SNRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Solunska Street, Sofia, BGR, 1000

Website

http://www.synergon.bg

Sinergon Holding AD is engaged in acquisition, management, valuation and sales of stake, patents and bonds in Bulgaria and internationally. The company is also engaged in providing tourist services, hotel and restaurant services.