Metalul Mesalonta (BSE:MESA) ROCE % : 0.00% (As of . 20)

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What is Metalul Mesalonta 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. Metalul Mesalonta's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Metalul Mesalonta ROCE % Historical Data

The historical data trend for Metalul Mesalonta'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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Metalul Mesalonta ROCE % Chart

Metalul Mesalonta Annual Data

Trend

ROCE %

Metalul Mesalonta Semi-Annual Data

ROCE %

Metalul Mesalonta ROCE % Calculation

Metalul Mesalonta'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Metalul Mesalonta'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.

Metalul Mesalonta (BSE:MESA) 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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Metalul Mesalonta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Metalul Mesa Sa Salonta (BSE:MESA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Strada Gestului, nr. 5, Salonta, Bihor, ROU, 415500

Website

http://www.mesa.ro

Metalul Mesa Sa Salonta manufactures and sells steel products. The main field of activity is the production of forged parts, mechanical processing by chipping, plastic cold deformations, welded metal constructions processed mechanically and by cold or hot deformation. The company also make tools for hot processing, tools for cutting and embossing, as well as other types of devices.