Quality Industrial (Quality Industrial) ROCE % : 25.97% (As of Jun. 2023)

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What is Quality Industrial 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. Quality Industrial's annualized ROCE % for the quarter that ended in Jun. 2023 was 25.97%.

Quality Industrial ROCE % Historical Data

The historical data trend for Quality Industrial'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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Quality Industrial ROCE % Chart

Quality Industrial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-4,012.50

-7,946.94

38.27

Quality Industrial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial										-	445.56	73.28	21.16	25.97

Quality Industrial ROCE % Calculation

Quality Industrial'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 )
	=	10.645	/	( ( (0.226 - 0.595)	+	(200.692 - 144.686) )	/ 2 )
	=	10.645	/	( (-0.369	+	56.006)	/ 2 )
	=	10.645	/	27.8185
	=	38.27 %

Quality Industrial's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	15.556	/	( ( (200.015 - 141.794)	+	(205.203 - 143.647) )	/ 2 )
	=	15.556	/	( ( 58.221	+	61.556 )	/ 2 )
	=	15.556	/	59.8885
	=	25.97 %

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

Quality Industrial (OTCPK:QIND) 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.

Quality Industrial ROCE % Related Terms

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Quality Industrial (Quality Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality Industrial Corp (OTCPK:QIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

315 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.qualityindustrialcorp.com

Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.

Executives

Terje Aarbogh	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell	officer: Chief Executive Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett	officer: Chief Operations Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link	director, 10 percent owner	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy	officer: Chief Financial Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal	director	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk	officer: CEO	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104