Ennore Coke (BOM:512369) ROCE % : -18.46% (As of Dec. 2017)

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What is Ennore Coke 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. Ennore Coke's annualized ROCE % for the quarter that ended in Dec. 2017 was -18.46%.

Ennore Coke ROCE % Historical Data

The historical data trend for Ennore Coke'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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Ennore Coke ROCE % Chart

Ennore Coke Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

ROCE %

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-15.90

-7.97

-21.47

-31.76

-43.09

Ennore Coke Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
ROCE %	Get a 7-Day Free Trial															-37.36	-52.24	-20.77	-20.05	-18.46

Ennore Coke ROCE % Calculation

Ennore Coke's annualized ROCE % for the fiscal year that ended in Mar. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2017 )		(A: Mar. 2016 )		(A: Mar. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2017 )		(A: Mar. 2016 )		(A: Mar. 2017 )
	=	-342.134	/	( ( (2771.969 - 1806.598)	+	(1896.763 - 1274.05) )	/ 2 )
	=	-342.134	/	( (965.371	+	622.713)	/ 2 )
	=	-342.134	/	794.042
	=	-43.09 %

Ennore Coke's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Sep. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Sep. 2017 )		(Q: Dec. 2017 )
	=	-103.9	/	( ( (1844.547 - 1281.582)	+	(0 - 0) )	/ 1 )
	=	-103.9	/	( ( 562.965	+	0 )	/ 1 )
	=	-103.9	/	562.965
	=	-18.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2017) EBIT data.

Ennore Coke (BOM:512369) 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.

Ennore Coke ROCE % Related Terms

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Ennore Coke (BOM:512369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ennore Coke Ltd (BOM:512369) » Definitions » ROCE %

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Address

Number 4, Lady Desika Road, Mookambika Complex, 6th Floor, Mylapore, Chennai, TN, IND, 600004

Website

http://www.ennorecoke.com

Ennore Coke Ltd is an Indian company which is engaged in manufacturing and trading of coke/coal. It is also engaged in power generation. The company focuses on manufacturing and marketing Low Ash Metallurgical Coke which is used as a fuel and reducing agent in the production of iron, steel, ferroalloys, elemental phosphorus, calcium carbide and numerous other processes.

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