Balkankar Zarya (XBUL:BZR) ROCE % : -1.59% (As of Sep. 2023)

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What is Balkankar Zarya 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. Balkankar Zarya's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.59%.

Balkankar Zarya ROCE % Historical Data

The historical data trend for Balkankar Zarya'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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Balkankar Zarya ROCE % Chart

Balkankar Zarya Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

2.84

4.72

10.37

17.61

Balkankar Zarya Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									39.87	-27.24	7.07	0.22	-1.59

Balkankar Zarya ROCE % Calculation

Balkankar Zarya'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 )
	=	2.813	/	( ( (18.371 - 3.166)	+	(19.898 - 3.153) )	/ 2 )
	=	2.813	/	( (15.205	+	16.745)	/ 2 )
	=	2.813	/	15.975
	=	17.61 %

Balkankar Zarya's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.26	/	( ( (20.307 - 3.901)	+	(19.608 - 3.308) )	/ 2 )
	=	-0.26	/	( ( 16.406	+	16.3 )	/ 2 )
	=	-0.26	/	16.353
	=	-1.59 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Balkankar Zarya (XBUL:BZR) 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.

Balkankar Zarya ROCE % Related Terms

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Balkankar Zarya (XBUL:BZR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Balkankar Zarya PLC (XBUL:BZR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Tosho Kutev Street, Pavlikeni, BGR, 5200

Website

http://www.balkancarzarya.com

Balkankar Zarya PLC is engaged in the business of manufacturing and supplying steel wheels and rims in Bulgaria. The products are used in electric trucks, electric fork-lift trucks, pallet trucks, electric tractors, motor trucks, and other types of industrial vehicles.

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