Euro Ceramics (BOM:532823) ROCE % : 0.00% (As of Mar. 2019)

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What is Euro Ceramics 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. Euro Ceramics's annualized ROCE % for the quarter that ended in Mar. 2019 was 0.00%.

Euro Ceramics ROCE % Historical Data

The historical data trend for Euro Ceramics'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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Euro Ceramics ROCE % Chart

Euro Ceramics Annual Data

Trend

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ROCE %

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Euro Ceramics Semi-Annual Data
	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19
ROCE %	Get a 7-Day Free Trial							-	-	-	-	-

Euro Ceramics ROCE % Calculation

Euro Ceramics's annualized ROCE % for the fiscal year that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	-542.869	/	( ( (3166.015 - 4178.242)	+	(2633.345 - 8045.671) )	/ 2 )
	=	-542.869	/	( (-1012.227	+	-5412.326)	/ 2 )
	=	-542.869	/	-3212.2765
	=	16.90 %

Euro Ceramics's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Mar. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Mar. 2018 )		(Q: Mar. 2019 )
	=	-542.869	/	( ( (3166.015 - 4178.242)	+	(2633.345 - 8045.671) )	/ 2 )
	=	-542.869	/	( ( -1012.227	+	-5412.326 )	/ 2 )
	=	-542.869	/	-3212.2765
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2019) EBIT data.

Euro Ceramics (BOM:532823) 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.

Euro Ceramics ROCE % Related Terms

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Euro Ceramics (BOM:532823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Euro Ceramics Ltd (BOM:532823) » Definitions » ROCE %

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Address

Vallabhbhai Road, Opposite Railway Station, 208, 2nd Floor, Sangam Arcade, Vile Parle (West), Mumbai, IND, 400 056

Website

http://www.eurocl.com

Euro Ceramics Ltd is an India based company engaged in the manufacturing and sells of vitrified tiles. It operates in three business segments including Tiles Division, Aluminium Division, and Realty Division. The tiles division, which is the key revenue driver, manufactures products including vitrified tiles, composite marble, sanitary ware products, and bathroom tiles. The company holds a global market presence with the majority of the revenue generated from the Indian market.

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