AS Rigas kugu buvetava (ORSE:RKB1R) ROCE % : -11.10% (As of Sep. 2023)

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What is AS Rigas kugu buvetava 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. AS Rigas kugu buvetava's annualized ROCE % for the quarter that ended in Sep. 2023 was -11.10%.

AS Rigas kugu buvetava ROCE % Historical Data

The historical data trend for AS Rigas kugu buvetava'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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AS Rigas kugu buvetava ROCE % Chart

AS Rigas kugu buvetava Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-23.21

-4.78

-96.94

-4.06

16.76

AS Rigas kugu buvetava Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-12.39	-49.36	-12.85	6.11	-11.10

AS Rigas kugu buvetava ROCE % Calculation

AS Rigas kugu buvetava'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 )
	=	1.01	/	( ( (9.059 - 3.361)	+	(7.712 - 1.358) )	/ 2 )
	=	1.01	/	( (5.698	+	6.354)	/ 2 )
	=	1.01	/	6.026
	=	16.76 %

AS Rigas kugu buvetava'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 )
	=	-0.644	/	( ( (7.625 - 1.686)	+	(6.875 - 1.215) )	/ 2 )
	=	-0.644	/	( ( 5.939	+	5.66 )	/ 2 )
	=	-0.644	/	5.7995
	=	-11.10 %

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

AS Rigas kugu buvetava (ORSE:RKB1R) 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.

AS Rigas kugu buvetava ROCE % Related Terms

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AS Rigas kugu buvetava (ORSE:RKB1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AS Rigas kugu buvetava (ORSE:RKB1R) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Gales Street 2, Riga, LVA, LV-1015

Website

http://www.riga-shipyard.com

AS Rigas kugu buvetava is a Latvia-based company engaged in the building and repair of ships and technological equipment. It offers repair, building, conversion and metal constructions for the ship and seagoing vessels and production of industrial metal constructions. The company primarily serves ship service agencies and shipping companies. Geographically, the activities are performed through the region of Latvia and it derives revenue by offering repair, building, and conversion services.

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