Technical Olympic (ATH:OLYMP) ROCE % : 3.67% (As of Jun. 2023)

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What is Technical Olympic 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. Technical Olympic's annualized ROCE % for the quarter that ended in Jun. 2023 was 3.67%.

Technical Olympic ROCE % Historical Data

The historical data trend for Technical Olympic'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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Technical Olympic ROCE % Chart

Technical Olympic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1.30

-4.46

-3.72

-0.88

1.82

Technical Olympic 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															-2.38	0.43	-0.31	3.65	3.67

Technical Olympic ROCE % Calculation

Technical Olympic'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 )
	=	3.521	/	( ( (195.989 - 19.926)	+	(228.84 - 18.313) )	/ 2 )
	=	3.521	/	( (176.063	+	210.527)	/ 2 )
	=	3.521	/	193.295
	=	1.82 %

Technical Olympic'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 )
	=	7.78	/	( ( (228.84 - 18.313)	+	(229.551 - 16.24) )	/ 2 )
	=	7.78	/	( ( 210.527	+	213.311 )	/ 2 )
	=	7.78	/	211.919
	=	3.67 %

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

Technical Olympic (ATH:OLYMP) 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.

Technical Olympic ROCE % Related Terms

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Technical Olympic (ATH:OLYMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Technical Olympic SA (ATH:OLYMP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Solomou Street Alimos, Athens, GRC, 174 56

Website

http://www.techol.gr

Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.

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