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# ROCE %

: 0.00% (As of . 20)
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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. 's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

## ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Annual Data ROCE %

 Semi-Annual Data ROCE %

## ROCE % Calculation

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

's ROCE % of for the quarter that ended in . 20 is calculated as:

 ROCE % = EBIT / ( (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 ) = / ( ( ( - ) + ( - ) ) / ) = / ( ( + ) / ) = / = %

Note: The EBIT data used here is one times the annual (. 20) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

(:) 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.