|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
ROCE* |
9% |
9.1% |
8.6% |
7.6% |
8.1% |
8.6 % |
9.4 % |
10.8 % |
11.3 % |
7.6 % |
9.6 % |
10.51% |
11.49% |
11.34% |
WACC |
6.7% |
6.6% |
6.2% |
5.8% |
6.4% |
6.5 % |
7.3 % |
8.6 % |
7.7 % |
7.5 % |
8.7 % |
9.12% |
8.9% |
8.8% |
EVA |
2.3% |
2.5% |
2.4% |
1.8% |
1.7% |
2.1 % |
2.1 % |
2.2 % |
3.6 % |
0.1 % |
0.9 % |
1.39% |
2.59% |
2.54% |
EVA (in
million EUR) |
|
|
|
|
|
|
|
|
|
12 |
75 |
88 |
164 |
160 |
CE (in
million EUR) |
11'522 |
11'640 |
11'750 |
11'555 |
10'883 |
11'291 |
10'807 |
10'606 |
10'089 |
8'091 |
8'123 |
6'322 |
6'355 |
6'314 |
*
After taxes
The Return On
Capital Employed (ROCE) is a key
management tool used to measure the performance
of Group activities.
and of assets which are
either non consolidated or accounted for by
the equity method.
The ROCE is the ratio
between return of EBITDA and capital employed
defined as follows:
ROCE
= |
EBITDA
. 100 |
Capital
employed |
EBITDA :
total of EBDIT plus financial revenues (dividends
and financial incomes generated by unconsolidated
assets and associated equity companies).
Capital employed
(CE) : yearly averages total of the
gross fixed assets plus capital working requirements.
Source
: Web
site of ACCOR Group
© ECOFINE.COM, Bernard Jaquier, Professor Emeritus & Dr Honoris Causa, Lausanne, Switzerland, 2018