Bittnet Systems Bucuresti (BSE:BNET) ROCE % : 0.00% (As of . 20)

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What is Bittnet Systems Bucuresti 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. Bittnet Systems Bucuresti's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Bittnet Systems Bucuresti ROCE % Historical Data

The historical data trend for Bittnet Systems Bucuresti'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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Bittnet Systems Bucuresti ROCE % Chart

Bittnet Systems Bucuresti Annual Data

Trend

ROCE %

Bittnet Systems Bucuresti Semi-Annual Data

ROCE %

Bittnet Systems Bucuresti ROCE % Calculation

Bittnet Systems Bucuresti'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Bittnet Systems Bucuresti'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.

Bittnet Systems Bucuresti (BSE:BNET) 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.

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Bittnet Systems Bucuresti Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bittnet Systems SA Bucuresti (BSE:BNET) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Progresului Street, No. 1, One Cotroceni Park Office, Building B, Floor 4, Bucharest, ROU, 052034

Website

https://www.bittnet.ro

Bittnet Systems SA Bucuresti is engaged information technology sector. The company focuses on IT training and delivering end-to-end IT infrastructure services and solutions from market leaders like Cisco, Microsoft, and VMware. Its services include General consultancy, IT assessment, Implementation and migration, Maintenance and support, Infrastructure optimization and IT Training Services. The company solutions include Network Infrastructure, Network Security, Network Management, data centers, virtualization and cloud computing.