Azkoyen (XMAD:AZK) ROCE % : 17.43% (As of Jun. 2023)

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What is Azkoyen 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. Azkoyen's annualized ROCE % for the quarter that ended in Jun. 2023 was 17.43%.

Azkoyen ROCE % Historical Data

The historical data trend for Azkoyen'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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Azkoyen ROCE % Chart

Azkoyen Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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15.49

16.09

7.89

13.37

14.95

Azkoyen Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															10.53	16.53	13.98	16.11	17.43

Azkoyen ROCE % Calculation

Azkoyen'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 )
	=	20.761	/	( ( (170.873 - 42.921)	+	(209.608 - 59.842) )	/ 2 )
	=	20.761	/	( (127.952	+	149.766)	/ 2 )
	=	20.761	/	138.859
	=	14.95 %

Azkoyen'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	26.052	/	( ( (209.608 - 59.842)	+	(218.087 - 68.961) )	/ 2 )
	=	26.052	/	( ( 149.766	+	149.126 )	/ 2 )
	=	26.052	/	149.446
	=	17.43 %

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

Azkoyen (XMAD:AZK) 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.

Azkoyen ROCE % Related Terms

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Azkoyen (XMAD:AZK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azkoyen SA (XMAD:AZK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AKK:Germany

Address

Avenida San Silvestre, Navarra, s/n. Peralta, ESP, 31350

Website

https://www.azkoyen.com

Azkoyen SA designs manufacture and sells technological solutions for payment systems, vending machines, security systems, and access control. The company operates through time and security, payment technologies, and coffee and vending systems segments. The company generates maximum revenue from the coffee and vending systems segment. The coffee and vending systems segment offers the consumption of raw materials for product packaging, the generation of non-hazardous waste, and the consumption of water and energy for the operation of the facilities. Geographically, the company derives a majority of its revenue from Germany and also has a presence in Spain; Italy; the United Kingdom; the Rest EU; the Rest of the OECD, and the Rest of the World.

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