Grupul Industrial Electrocontact (BSE:ECT) ROCE % : -1.39% (As of Jun. 2023)

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What is Grupul Industrial Electrocontact 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. Grupul Industrial Electrocontact's annualized ROCE % for the quarter that ended in Jun. 2023 was -1.39%.

Grupul Industrial Electrocontact ROCE % Historical Data

The historical data trend for Grupul Industrial Electrocontact'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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Grupul Industrial Electrocontact ROCE % Chart

Grupul Industrial Electrocontact Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

ROCE %

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-3.17

1.17

-2.22

0.55

0.07

Grupul Industrial Electrocontact Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-3.29	4.40	-1.75	1.87	-1.39

Grupul Industrial Electrocontact ROCE % Calculation

Grupul Industrial Electrocontact'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 )
	=	0.01	/	( ( (15.554 - 0.518)	+	(15.577 - 0.537) )	/ 2 )
	=	0.01	/	( (15.036	+	15.04)	/ 2 )
	=	0.01	/	15.038
	=	0.07 %

Grupul Industrial Electrocontact'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.208	/	( ( (15.577 - 0.537)	+	(15.44 - 0.506) )	/ 2 )
	=	-0.208	/	( ( 15.04	+	14.934 )	/ 2 )
	=	-0.208	/	14.987
	=	-1.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Grupul Industrial Electrocontact (BSE:ECT) 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.

Grupul Industrial Electrocontact ROCE % Related Terms

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Grupul Industrial Electrocontact (BSE:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grupul Industrial Electrocontact SA (BSE:ECT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calea Nationala nr. 6, Botosani, ROU, 710010

Website

http://www.electrocontact.ro

Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

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