3 Maj Shipyard JSC (ZAG:3MAJ) ROCE % : 0.00% (As of . 20)

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What is 3 Maj Shipyard JSC 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. 3 Maj Shipyard JSC's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

3 Maj Shipyard JSC ROCE % Historical Data

The historical data trend for 3 Maj Shipyard JSC'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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3 Maj Shipyard JSC ROCE % Chart

3 Maj Shipyard JSC Annual Data

Trend

ROCE %

3 Maj Shipyard JSC Semi-Annual Data

ROCE %

3 Maj Shipyard JSC ROCE % Calculation

3 Maj Shipyard JSC'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

3 Maj Shipyard JSC'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.

3 Maj Shipyard JSC (ZAG:3MAJ) 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.

3 Maj Shipyard JSC ROCE % Related Terms

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3 Maj Shipyard JSC (ZAG:3MAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » 3 Maj Shipyard JSC (ZAG:3MAJ) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Liburnijska 3, Rijeka, HRV, 51000

Website

https://www.uljanik.hr

3 Maj Shipyard JSC operates in the aerospace and defense industry in Croatia. The company is engaged in manufacturing of multipurpose vessels, bulk carriers, product carriers, tankers, passenger rail ferry vessels, container vessels, and chemical tankers.

3 Maj Shipyard JSC (ZAG:3MAJ) Headlines

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