Engineering Industries (CAI:ENGC) ROCE % : 57.88% (As of Jun. 2024)

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What is Engineering Industries 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. Engineering Industries's annualized ROCE % for the quarter that ended in Jun. 2024 was 57.88%.

Engineering Industries ROCE % Historical Data

The historical data trend for Engineering Industries'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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Engineering Industries ROCE % Chart

Engineering Industries Annual Data

Trend

Dec22

Dec23

ROCE %

71.34

68.55

Engineering Industries Quarterly Data
	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			210.97	-	-	134.37	57.88

Engineering Industries ROCE % Calculation

Engineering Industries's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	871.015	/	( ( (2226.708 - 1699.71)	+	(4303.454 - 2289.044) )	/ 2 )
	=	871.015	/	( (526.998	+	2014.41)	/ 2 )
	=	871.015	/	1270.704
	=	68.55 %

Engineering Industries's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1563.044	/	( ( (5786.091 - 3063.464)	+	(6277.53 - 3599.363) )	/ 2 )
	=	1563.044	/	( ( 2722.627	+	2678.167 )	/ 2 )
	=	1563.044	/	2700.397
	=	57.88 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Engineering Industries (CAI:ENGC) 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.

Engineering Industries ROCE % Related Terms

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Engineering Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Engineering Industries (CAI:ENGC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wadi Houf, Icon Industrial Zone, Helwan, EGY

Website

http://www.iconegypt.com

Engineering Industries manufactures steel-sheets and related products. It offers sandwich steel panels, caravans, guard rails, purlins, pre-fabricated units and corrugated sheets, galvanized tubes and pipes, and aluminum windows and doors. Some of the company projects include Dorra Contracting, Orascom, Talaat Mostafa, and others.