Top Kinisis Travel Public (CYS:TOP) ROCE % : 0.00% (As of . 20)

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What is Top Kinisis Travel Public 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. Top Kinisis Travel Public's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Top Kinisis Travel Public ROCE % Historical Data

The historical data trend for Top Kinisis Travel Public'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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Top Kinisis Travel Public ROCE % Chart

Top Kinisis Travel Public Annual Data

Trend

ROCE %

Top Kinisis Travel Public Semi-Annual Data

ROCE %

Top Kinisis Travel Public ROCE % Calculation

Top Kinisis Travel Public'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Top Kinisis Travel Public'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.

Top Kinisis Travel Public (CYS:TOP) 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.

Top Kinisis Travel Public ROCE % Related Terms

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Top Kinisis Travel Public Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Top Kinisis Travel Public Ltd (CYS:TOP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Leonidou & Acropoleos Avenue, P.O.Box 27031, Strovolos, Nicosia, CYP, 2007

Website

https://www.topkinisis.com

Top Kinisis Travel Public Ltd is a tour operator engaged in the provision of travel and tourism services as well as organization of conferences in Cyprus and abroad. Its services include hotels, flights, holiday packages, cruises, ferries, car rental, and travel insurance.