Zardoya Otis (XMAD:ZOT) ROCE % : 38.20% (As of Nov. 2021)

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What is Zardoya Otis 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. Zardoya Otis's annualized ROCE % for the quarter that ended in Nov. 2021 was 38.20%.

Zardoya Otis ROCE % Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis ROCE % Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

ROCE %

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42.26

40.44

40.18

39.86

39.99

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
ROCE %	Get a 7-Day Free Trial															41.48	36.95	43.07	50.99	38.20

Zardoya Otis ROCE % Calculation

Zardoya Otis's annualized ROCE % for the fiscal year that ended in Nov. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2021 )		(A: Nov. 2020 )		(A: Nov. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2021 )		(A: Nov. 2020 )		(A: Nov. 2021 )
	=	190.695	/	( ( (734.527 - 260.319)	+	(726.559 - 246.987) )	/ 2 )
	=	190.695	/	( (474.208	+	479.572)	/ 2 )
	=	190.695	/	476.89
	=	39.99 %

Zardoya Otis's ROCE % of for the quarter that ended in Nov. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2021 )		(Q: Aug. 2021 )		(Q: Nov. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2021 )		(Q: Aug. 2021 )		(Q: Nov. 2021 )
	=	183.18	/	( ( (0 - 0)	+	(726.559 - 246.987) )	/ 1 )
	=	183.18	/	( ( 0	+	479.572 )	/ 1 )
	=	183.18	/	479.572
	=	38.20 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2021) EBIT data.

Zardoya Otis (XMAD:ZOT) 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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Zardoya Otis (XMAD:ZOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zardoya Otis SA (XMAD:ZOT) » Definitions » ROCE %

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

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