Zagrebacka Burza d.d (ZAG:ZB) ROCE % : 6.35% (As of Sep. 2023)

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What is Zagrebacka Burza d.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. Zagrebacka Burza d.d's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.35%.

Zagrebacka Burza d.d ROCE % Historical Data

The historical data trend for Zagrebacka Burza d.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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Zagrebacka Burza d.d ROCE % Chart

Zagrebacka Burza d.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.74

2.69

5.49

1.20

1.60

Zagrebacka Burza d.d Quarterly Data
	Dec16	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															0.41	3.22	-1.05	-2.86	6.35

Zagrebacka Burza d.d ROCE % Calculation

Zagrebacka Burza d.d'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 )
	=	0.096	/	( ( (6.985 - 0.988)	+	(7.003 - 1.009) )	/ 2 )
	=	0.096	/	( (5.997	+	5.994)	/ 2 )
	=	0.096	/	5.9955
	=	1.60 %

Zagrebacka Burza d.d'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 )
	=	0.432	/	( ( (7.208 - 0.485)	+	(7.168 - 0.284) )	/ 2 )
	=	0.432	/	( ( 6.723	+	6.884 )	/ 2 )
	=	0.432	/	6.8035
	=	6.35 %

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

Zagrebacka Burza d.d (ZAG:ZB) 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.

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Zagrebacka Burza d.d (ZAG:ZB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zagrebacka Burza d.d (ZAG:ZB) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Ivana Lu?i?a 2a/22, Zagreb, HRV, 10000

Website

http://www.zse.hr

Zagrebacka Burza d.d is a Croatian stock exchange. It is engaged in managing a regulated market, collecting, processing and publishing data on trade and managing multilateral trading platform.

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