Holding Co ADMIE (IPTO) (ATH:ADMIE) ROCE % : 5.86% (As of Sep. 2023)

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What is Holding Co ADMIE (IPTO) 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. Holding Co ADMIE (IPTO)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 5.86%.

Holding Co ADMIE (IPTO) ROCE % Historical Data

The historical data trend for Holding Co ADMIE (IPTO)'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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Holding Co ADMIE (IPTO) ROCE % Chart

Holding Co ADMIE (IPTO) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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9.04

6.53

4.85

3.32

3.03

Holding Co ADMIE (IPTO) 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															5.89	3.08	5.53	5.07	5.86

Holding Co ADMIE (IPTO) ROCE % Calculation

Holding Co ADMIE (IPTO)'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 )
	=	91.734	/	( ( (3313.639 - 359.666)	+	(3545.644 - 436.881) )	/ 2 )
	=	91.734	/	( (2953.973	+	3108.763)	/ 2 )
	=	91.734	/	3031.368
	=	3.03 %

Holding Co ADMIE (IPTO)'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 )
	=	196.74	/	( ( (3840.086 - 419.007)	+	(3771.364 - 472.576) )	/ 2 )
	=	196.74	/	( ( 3421.079	+	3298.788 )	/ 2 )
	=	196.74	/	3359.9335
	=	5.86 %

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

Holding Co ADMIE (IPTO) (ATH:ADMIE) 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.

Holding Co ADMIE (IPTO) ROCE % Related Terms

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Holding Co ADMIE (IPTO) (ATH:ADMIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Holding Co ADMIE (IPTO) SA (ATH:ADMIE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

08M:Germany

Address

89, Dyrrachiou and Kifissou Streets, Kifissou, Athens, GRC, 104-43

Website

http://www.admie.gr

Holding Co ADMIE (IPTO) SA through its subsidiary operates, maintains and develops the Greek Electricity Transmission System to ensure the supply of electricity in the country in a safe, efficient and reliable manner.

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