Abak (WAR:ABK) ROCE % : 14.29% (As of Sep. 2023)

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What is Abak 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. Abak's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.29%.

Abak ROCE % Historical Data

The historical data trend for Abak'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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Abak ROCE % Chart

Abak Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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27.65

11.37

24.78

17.67

27.61

Abak 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															27.06	36.16	22.52	43.11	14.29

Abak ROCE % Calculation

Abak'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 )
	=	1.483	/	( ( (6.421 - 1.435)	+	(7.406 - 1.651) )	/ 2 )
	=	1.483	/	( (4.986	+	5.755)	/ 2 )
	=	1.483	/	5.3705
	=	27.61 %

Abak'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 )
	=	0.9	/	( ( (8.783 - 2.531)	+	(8.025 - 1.68) )	/ 2 )
	=	0.9	/	( ( 6.252	+	6.345 )	/ 2 )
	=	0.9	/	6.2985
	=	14.29 %

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

Abak (WAR:ABK) 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.

Abak ROCE % Related Terms

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Abak (WAR:ABK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Abak SA (WAR:ABK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18/20 Marii Sk?odowskiej-Curie Street, Office 12, Olsztyn, POL, 10-109

Website

http://www.abak.com.pl

Abak SA is an outsourcing company. The company is engaged in accounting, tax, HR and payroll business individuals, partnerships and legal persons.

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