Gosa FOM a.d (XBEL:GFOM) ROCE % : 11.42% (As of Dec. 2023)

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What is Gosa FOM a.d 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. Gosa FOM a.d's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.42%.

Gosa FOM a.d ROCE % Historical Data

The historical data trend for Gosa FOM a.d'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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Gosa FOM a.d ROCE % Chart

Gosa FOM a.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.62

4.22

3.96

9.94

8.04

Gosa FOM a.d Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-	4.12	15.95	7.07	11.42

Gosa FOM a.d ROCE % Calculation

Gosa FOM a.d'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 )
	=	287.021	/	( ( (4900.607 - 2887.789)	+	(10022.188 - 4891.777) )	/ 2 )
	=	287.021	/	( (2012.818	+	5130.411)	/ 2 )
	=	287.021	/	3571.6145
	=	8.04 %

Gosa FOM a.d'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 )
	=	422.574	/	( ( (8796.149 - 6525.752)	+	(10022.188 - 4891.777) )	/ 2 )
	=	422.574	/	( ( 2270.397	+	5130.411 )	/ 2 )
	=	422.574	/	3700.404
	=	11.42 %

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

Gosa FOM a.d (XBEL:GFOM) 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.

Gosa FOM a.d ROCE % Related Terms

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Gosa FOM a.d (XBEL:GFOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gosa FOM a.d (XBEL:GFOM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial 70, Smederevo Palanka, SRB

Website

http://www.gosafom.com

Gosa FOM a.d is a manufacturer of Lifting and Handling equipment. The company is engaged in the development, design, manufacture, erection, and services of machines and equipment. It serves energy, metallurgy and mining industry. The company produces coke mining, metallurgy, and hydro-mechanical equipment, cranes and hoists, gearboxes, steel structures and bridges, civil steel structures and vessels under pressure.

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