National Tubes (DHA:NTLTUBES) ROCE % : 0.00% (As of . 20)

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

National Tubes ROCE % Historical Data

The historical data trend for National Tubes'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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National Tubes ROCE % Chart

National Tubes Annual Data

Trend

ROCE %

National Tubes Semi-Annual Data

ROCE %

National Tubes ROCE % Calculation

National Tubes'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

National Tubes'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.

National Tubes (DHA:NTLTUBES) 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.

National Tubes ROCE % Related Terms

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National Tubes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Tubes Ltd (DHA:NTLTUBES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

131-142, Tongi Industrial Area, Gazipur, BGD, 1710

Website

https://www.ntl.gov.bd

National Tubes Ltd is engaged in the business of producing oil and gas pipe lines.

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