Panamax Aktiengesellschaft (FRA:ICP) ROCE % : 111.54% (As of Dec. 2023)

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What is Panamax Aktiengesellschaft 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. Panamax Aktiengesellschaft's annualized ROCE % for the quarter that ended in Dec. 2023 was 111.54%.

Panamax Aktiengesellschaft ROCE % Historical Data

The historical data trend for Panamax Aktiengesellschaft'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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Panamax Aktiengesellschaft ROCE % Chart

Panamax Aktiengesellschaft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-67.03

71.96

-85.88

-125.44

24.39

Panamax Aktiengesellschaft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-149.15	-160.63	-169.23	-75.43	111.54

Panamax Aktiengesellschaft ROCE % Calculation

Panamax Aktiengesellschaft'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 )
	=	0.025	/	( ( (0.395 - 0.309)	+	(0.444 - 0.325) )	/ 2 )
	=	0.025	/	( (0.086	+	0.119)	/ 2 )
	=	0.025	/	0.1025
	=	24.39 %

Panamax Aktiengesellschaft's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0.116	/	( ( (0.434 - 0.345)	+	(0.444 - 0.325) )	/ 2 )
	=	0.116	/	( ( 0.089	+	0.119 )	/ 2 )
	=	0.116	/	0.104
	=	111.54 %

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

Panamax Aktiengesellschaft (FRA:ICP) 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.

Panamax Aktiengesellschaft ROCE % Related Terms

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Panamax Aktiengesellschaft (FRA:ICP) Business Description

Industry

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Traded in Other Exchanges

ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.