Mecanica Ceahlau (BSE:MECF) ROCE % : -14.71% (As of Dec. 2023)

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What is Mecanica Ceahlau 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. Mecanica Ceahlau's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.71%.

Mecanica Ceahlau ROCE % Historical Data

The historical data trend for Mecanica Ceahlau'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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Mecanica Ceahlau ROCE % Chart

Mecanica Ceahlau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.91

-3.49

4.70

3.54

-5.90

Mecanica Ceahlau 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															-0.52	1.72	0.13	-10.16	-14.71

Mecanica Ceahlau ROCE % Calculation

Mecanica Ceahlau'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 )
	=	-3.426	/	( ( (68.546 - 11.347)	+	(74.953 - 16.061) )	/ 2 )
	=	-3.426	/	( (57.199	+	58.892)	/ 2 )
	=	-3.426	/	58.0455
	=	-5.90 %

Mecanica Ceahlau'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 )
	=	-8.68	/	( ( (74.048 - 14.898)	+	(74.953 - 16.061) )	/ 2 )
	=	-8.68	/	( ( 59.15	+	58.892 )	/ 2 )
	=	-8.68	/	59.021
	=	-14.71 %

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

Mecanica Ceahlau (BSE:MECF) 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.

Mecanica Ceahlau ROCE % Related Terms

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Mecanica Ceahlau (BSE:MECF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mecanica Ceahlau (BSE:MECF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dumbravei Street, nr. 6, Neamt County, Piatra Neamt, ROU, 610202

Website

https://www.mecanicaceahlau.ro

Mecanica Ceahlau is engaged in manufacturing of agricultural machinery. Its products include CF 5, CF 7, CF 9, CFM 7, CFM 9, CSC 00B/5, CSC 00B/7, CSC 00B/9, FB 1600, as well as agricultural trailers with a capacity of 4 to 20 tons.

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