CNRD (Conrad Industries) ROCE %: -19.24% (As of Sep. 2023)

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CNRD Conrad Industries Inc CNRD
12 GF Score
Price $29.67
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What is Conrad Industries ROCE %?

Conrad Industries CNRD +0.88% 12 ROCE % is -19.24% as of Sep. 2023. GuruFocus rates CNRD with a GF Score™ of 12/100.

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. Conrad Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was -19.24%.

Conrad Industries  (OTCPK:CNRD) 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.

Conrad Industries ROCE % Related Terms

Conrad Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Conrad 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.

Conrad Industries ROCE % Chart

Conrad Industries Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.40 4.65 -1.76 -3.65 1.00

Conrad Industries Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Sep22 Sep23
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 20.25 -9.45 -10.06 -22.41 -19.24
CNRD
12GF Score
Conrad Industries Inc CNRD
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Conrad Industries ROCE % Calculation

Conrad Industries's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=1.276/( ( (161.548 - 32.098) + (160.533 - 33.573) )/ 2 )
=1.276/( (129.45+126.96)/ 2 )
=1.276/128.205
=1.00 %

Conrad Industries's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Sep. 2022 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Sep. 2022 )(Q: Sep. 2023 )
=-17.036/( ( (0 - 0) + (150.063 - 61.506) )/ 1 )
=-17.036/( ( 0 + 88.557 )/ 1 )
=-17.036/88.557
=-19.24 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 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 -19.24% mean?
Conrad Industries (CNRD) has a ROCE % of -19.24% as of Sep. 2023.
Is Conrad Industries' ROCE % too high?
Conrad Industries' current ROCE % is -19.24%. Overall, Conrad Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Conrad Industries' ROCE % compare to LLAP and OPXS?
Conrad Industries' ROCE % of -19.24% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.38. 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 Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.38, based on 353 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. 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 Aerospace & Defense industry, the median ROCE % is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conrad Industries's current ROCE % is -19.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conrad Industries stock overvalued right now?
Conrad Industries (CNRD) has a current ROCE % of -19.24%. The current ROCE % is -19.24%. Conrad Industries' overall GF Score™ is 12/100. 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 Conrad Industries (CNRD), the current ROCE % is -19.24% as of Sep. 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.

Conrad Industries Business Description

Address 1100 Brashear Avenue, Suite 200, Morgan City, LA, USA, 70380
Conrad Industries Inc is engaged in the construction, repair, and conversion of steel and aluminum marine vessels for commercial and governmental customers. The firm's business activities are conducted through the Vessel Construction and Repair and Conversions segments. It generates maximum revenue from the Vessel Construction segment. The Vessel Construction segment involves the building of a new vessel, often including engineering and design. The Repair and Conversions segment comprises work on an existing vessel.
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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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