Alassas Co for Concrete Industries (AMM:ASAS) ROCE % : 0.00% (As of . 20)

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What is Alassas Co for Concrete Industries 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. Alassas Co for Concrete Industries's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Alassas Co for Concrete Industries ROCE % Historical Data

The historical data trend for Alassas Co for Concrete Industries'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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Alassas Co for Concrete Industries ROCE % Chart

Alassas Co for Concrete Industries Annual Data

Trend

ROCE %

Alassas Co for Concrete Industries Semi-Annual Data

ROCE %

Alassas Co for Concrete Industries ROCE % Calculation

Alassas Co for Concrete Industries'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Alassas Co for Concrete Industries'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 one times the annual (. 20) EBIT data.

Alassas Co for Concrete Industries (AMM:ASAS) 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.

Alassas Co for Concrete Industries ROCE % Related Terms

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Alassas Co for Concrete Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Alassas Co for Concrete Industries (AMM:ASAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Qastal - Near Bonded Al -Qastal, P.O. Box: 248, Qastal, Amman, JOR, 16010

Website

http://www.alassas.com

Alassas Co for Concrete Industries is engaged in the business of transporting materials, sand, gravels, infrastructure materials, road specialized transport related to material construction, ready concrete, and general goods.

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