FZC 11 Oktomvri AD (XMAE:CEVI) ROCE % : 0.00% (As of . 20)

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What is FZC 11 Oktomvri AD 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. FZC 11 Oktomvri AD's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

FZC 11 Oktomvri AD ROCE % Historical Data

The historical data trend for FZC 11 Oktomvri AD'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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FZC 11 Oktomvri AD ROCE % Chart

FZC 11 Oktomvri AD Annual Data

Trend

ROCE %

FZC 11 Oktomvri AD Semi-Annual Data

ROCE %

FZC 11 Oktomvri AD ROCE % Calculation

FZC 11 Oktomvri AD's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

FZC 11 Oktomvri AD's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

FZC 11 Oktomvri AD (XMAE:CEVI) 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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FZC 11 Oktomvri AD (XMAE:CEVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » FZC 11 Oktomvri AD (XMAE:CEVI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

11 Noemvri bb, Kumanovo, MKD, 1300

Website

http://www.fzc11oktomvri.com.mk

FZC 11 Oktomvri AD is engaged in the production of electro-welded tubes and profiles. The product portfolio includes - Conduit tubes, Construction tubes, precision tubes, open profiles, ZP profiles, Galvanized steel strip, among others.

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