AD Plastik DD (ZAG:ADPL) ROCE % : 5.16% (As of Mar. 2024)

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What is AD Plastik DD 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. AD Plastik DD's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.16%.

AD Plastik DD ROCE % Historical Data

The historical data trend for AD Plastik DD'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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AD Plastik DD ROCE % Chart

AD Plastik DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.56

6.12

4.99

-7.53

0.03

AD Plastik DD Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.23	5.93	-2.39	-2.89	5.16

AD Plastik DD ROCE % Calculation

AD Plastik DD'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 )
	=	0.044	/	( ( (181.35 - 51.479)	+	(189.136 - 57.171) )	/ 2 )
	=	0.044	/	( (129.871	+	131.965)	/ 2 )
	=	0.044	/	130.918
	=	0.03 %

AD Plastik DD's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	6.632	/	( ( (189.136 - 57.171)	+	(196.559 - 71.429) )	/ 2 )
	=	6.632	/	( ( 131.965	+	125.13 )	/ 2 )
	=	6.632	/	128.5475
	=	5.16 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

AD Plastik DD (ZAG:ADPL) 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.

AD Plastik DD ROCE % Related Terms

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AD Plastik DD (ZAG:ADPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AD Plastik DD (ZAG:ADPL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Matoseva 8, Solin, HRV, 21210

Website

https://www.adplastik.hr

AD Plastik DD is engaged in the manufacturing of plastic components for the automotive industry. The company develops and manufactures interior and exterior car components. Its products include bumper bodies and components, side trims, fuel tank guards, instrument panels, door panels, pillar trims, parcel shelves, sun visors, and other related components. The group operates in the geographical segments of the EU and Serbia and Russia from which it derives the majority of its revenue from the EU and Serbia segment.

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