Northern Electric (LSE:NTEA.PFD) ROCE % : 0.00% (As of . 20)

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What is Northern Electric 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. Northern Electric's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Northern Electric ROCE % Historical Data

The historical data trend for Northern Electric'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.
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Northern Electric ROCE % Chart

Northern Electric Annual Data

Trend

ROCE %

Northern Electric Quarterly Data

ROCE %

Northern Electric ROCE % Calculation

Northern Electric'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Northern Electric'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 four times the quarterly (. 20) EBIT data.

Northern Electric (LSE:NTEA.PFD) 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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Northern Electric (LSE:NTEA.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Northern Electric PLC (LSE:NTEA.PFD) » Definitions » ROCE %

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Address

78 Grey Street, Lloyds Court, Newcastle upon Tyne, GBR, NE1 6AF

Website

https://www.northernpowergrid.com

Northern Electric PLC distributes and supplies electricity. It provides electricity distribution and engineering contracting services to various clients and smart meter rental services to energy suppliers in northeastern England.

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