Electro Cable Egypt (CAI:ELEC) ROCE %: 77.65% (As of Jun. 2023)


CAI:ELEC Electro Cable Egypt CAI:ELEC
8 GF Score
Price E£2.10
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What is Electro Cable Egypt ROCE %?

Electro Cable Egypt CAI:ELEC -1.41% 8 ROCE % is 77.65% as of Jun. 2023. GuruFocus rates CAI:ELEC with a GF Score™ of 8/100.

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. Electro Cable Egypt's annualized ROCE % for the quarter that ended in Jun. 2023 was 77.65%.

Electro Cable Egypt  (CAI:ELEC) 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.

Electro Cable Egypt ROCE % Related Terms

Electro Cable Egypt ROCE % Historical Data

* Premium members only.

The historical data trend for Electro Cable Egypt'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.

Electro Cable Egypt ROCE % Chart

Electro Cable Egypt Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
ROCE %
-12.91 11.90 38.29 33.68 20.30

Electro Cable Egypt Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Mar22 Jun22 Mar23 Jun23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.47 0.00 34.15 44.36 77.65
CAI:ELEC
8GF Score
Electro Cable Egypt CAI:ELEC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Electro Cable Egypt ROCE % Calculation

Electro Cable Egypt's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=230.319/( ( (1831.467 - 722.132) + (2399.055 - 1239.433) )/ 2 )
=230.319/( (1109.335+1159.622)/ 2 )
=230.319/1134.4785
=20.30 %

Electro Cable Egypt's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=922.168/( ( (2854.576 - 1752.252) + (3281.01 - 2008.085) )/ 2 )
=922.168/( ( 1102.324 + 1272.925 )/ 2 )
=922.168/1187.6245
=77.65 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 77.65% mean?
Electro Cable Egypt (CAI:ELEC) has a ROCE % of 77.65% as of Jun. 2023.
Is Electro Cable Egypt's ROCE % too high?
Electro Cable Egypt's current ROCE % is 77.65%. The Industrial Products industry median ROCE % is 7.10. Electro Cable Egypt's value of 77.65% is 993.7% above this industry median. Overall, Electro Cable Egypt has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Electro Cable Egypt's ROCE % compare to competitors?
Electro Cable Egypt's ROCE % of 77.65% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Electro Cable Egypt's value of 77.65% is 993.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Electro Cable Egypt's current ROCE % of 77.65% is 993.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electro Cable Egypt's current ROCE % is 77.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electro Cable Egypt stock overvalued right now?
Electro Cable Egypt (CAI:ELEC) has a current ROCE % of 77.65%. The current ROCE % is 77.65% and 993.7% above the Industrial Products industry median of 7.10. Electro Cable Egypt's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Electro Cable Egypt (CAI:ELEC), the current ROCE % is 77.65% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electro Cable Egypt Business Description

Address Ismaellia Canal Road, Km 4.6,6 th October Road, Mostorod Industrial Zone, Qualubia Governorate, Cairo, EGY
Electro Cable Egypt manufactures and markets power cables and telecommunication cables. Its products portfolio includes Enamelled Copper Wires, Overhead Bare Conductors, Telephone Wires and Cables and others.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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