TX Rail Products (TX Rail Products) ROCE % : 0.00% (As of Sep. 2020)

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What is TX Rail Products 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. TX Rail Products's annualized ROCE % for the quarter that ended in Sep. 2020 was 0.00%.

TX Rail Products ROCE % Historical Data

The historical data trend for TX Rail Products'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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TX Rail Products ROCE % Chart

TX Rail Products Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

ROCE %

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-105.06

0.82

26.76

36.06

9.58

TX Rail Products Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Sep20
ROCE %	Get a 7-Day Free Trial															35.99	66.00	46.42	-10.45	-

TX Rail Products ROCE % Calculation

TX Rail Products's annualized ROCE % for the fiscal year that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2020 )		(A: Sep. 2019 )		(A: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2020 )		(A: Sep. 2019 )		(A: Sep. 2020 )
	=	0.025	/	( ( (2.141 - 1.67)	+	(2.207 - 2.156) )	/ 2 )
	=	0.025	/	( (0.471	+	0.051)	/ 2 )
	=	0.025	/	0.261
	=	9.58 %

TX Rail Products's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Sep. 2019 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Sep. 2019 )		(Q: Sep. 2020 )
	=	0	/	( ( (2.141 - 1.67)	+	(2.207 - 2.156) )	/ 2 )
	=	0	/	( ( 0.471	+	0.051 )	/ 2 )
	=	0	/	0.261
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

TX Rail Products (OTCPK:TXRP) 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.

TX Rail Products ROCE % Related Terms

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TX Rail Products (TX Rail Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » TX Rail Products Inc (OTCPK:TXRP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12080 Virginia Boulevard, Ashland, KY, USA, 41102

Website

https://www.txholdings.com

TX Holdings Inc is engaged in the business of supplying, distributing and selling drill bits, related tools, and other mining supplies and rail material directly and through other suppliers to the United States coal mining industry which are used in production and transportation processes. The company's product profile includes Miner Bits, Block and Sleeves, and Miscellaneous parts.

TX Rail Products (TX Rail Products) Headlines

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