Market Cap : 739.24 M | Enterprise Value : 1.31 B | PE Ratio : | PB Ratio : 2.26 |
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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. Interface's annualized ROCE % for the quarter that ended in Dec. 2020 was 7.22%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Interface's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | -50.176 | / | ( ( (1423.049 - 263.275) | + | (1306.011 - 193.3) ) | / 2 ) | |
= | -50.176 | / | ( (1159.774 | + | 1112.711) | / 2 ) | |
= | -50.176 | / | 1136.2425 | ||||
= | -4.42 % |
Interface's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | 78.444 | / | ( ( (1305.775 - 244.807) | + | (1306.011 - 193.3) ) | / 2 ) | |
= | 78.444 | / | ( ( 1060.968 | + | 1112.711 ) | / 2 ) | |
= | 78.444 | / | 1086.8395 | ||||
= | 7.22 % |
Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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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