Echo Investment (WAR:ECH) ROCE % : 13.99% (As of Dec. 2023)

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What is Echo Investment 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. Echo Investment's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.99%.

Echo Investment ROCE % Historical Data

The historical data trend for Echo Investment'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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Echo Investment ROCE % Chart

Echo Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.26

6.53

10.18

10.29

9.27

Echo Investment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.95	7.07	6.93	9.48	13.99

Echo Investment ROCE % Calculation

Echo Investment'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 )
	=	369.093	/	( ( (6087.012 - 2267.146)	+	(5961.838 - 1817.567) )	/ 2 )
	=	369.093	/	( (3819.866	+	4144.271)	/ 2 )
	=	369.093	/	3982.0685
	=	9.27 %

Echo Investment'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	569.876	/	( ( (6198.419 - 2196.148)	+	(5961.838 - 1817.567) )	/ 2 )
	=	569.876	/	( ( 4002.271	+	4144.271 )	/ 2 )
	=	569.876	/	4073.271
	=	13.99 %

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

Echo Investment (WAR:ECH) 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.

Echo Investment ROCE % Related Terms

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Echo Investment (WAR:ECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Echo Investment SA (WAR:ECH) » Definitions » ROCE %

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4I3:Germany

Address

Al. Jana Paw?a II 22, Warsaw Office Q22 building, Warsaw, POL, 00-133

Website

https://www.echo.com.pl

Echo Investment SA is a Polish development company that builds projects in the office, retail, and residential sectors. The company divides its revenue-generating businesses into four categories: residential, shopping centers, office buildings, and others. The residential segment handles the rental and sale of properties. In the other segment, accounting, leasing, and development services for external clients generate revenue. The residential and retail segments are responsible for generating the largest portions of revenue. A majority of the company's revenue is earned in Poland.