ELEK (Elektros) ROCE %: 10.04% (As of Nov. 2018)


What is Elektros ROCE %?

Elektros ELEK -7.69% ROCE % is 10.04% as of Nov. 2018.

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. Elektros's annualized ROCE % for the quarter that ended in Nov. 2018 was 10.04%.

Elektros  (OTCPK:ELEK) 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.

Elektros ROCE % Related Terms

Elektros ROCE % Historical Data

* Premium members only.

The historical data trend for Elektros'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.

Elektros ROCE % Chart

Elektros Annual Data
Trend Apr12 May13 May14 May15 May16 May17 May18
ROCE %
Get a 7-Day Free Trial 22.84 27.54 20.95 13.77 8.20

Elektros Quarterly Data
Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18
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 8.88 6.43 8.73 9.58 10.04

Elektros ROCE % Calculation

Elektros's annualized ROCE % for the fiscal year that ended in May. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2018 )  (A: May. 2017 )(A: May. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2018 )  (A: May. 2017 )(A: May. 2018 )
=5.532/( ( (81.271 - 22.359) + (92.496 - 16.546) )/ 2 )
=5.532/( (58.912+75.95)/ 2 )
=5.532/67.431
=8.20 %

Elektros's ROCE % of for the quarter that ended in Nov. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2018 )  (Q: Aug. 2018 )(Q: Nov. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2018 )  (Q: Aug. 2018 )(Q: Nov. 2018 )
=7.292/( ( (88.167 - 15.547) + (87.699 - 14.996) )/ 2 )
=7.292/( ( 72.62 + 72.703 )/ 2 )
=7.292/72.6615
=10.04 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2018) 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 10.04% mean?
Elektros (ELEK) has a ROCE % of 10.04% as of Nov. 2018.
Is Elektros' ROCE % too high?
Elektros' current ROCE % is 10.04%. The Vehicles & Parts industry median ROCE % is 7.94. Elektros' value of 10.04% is 26.4% above this industry median.
How does Elektros' ROCE % compare to CHRA and PGTK?
Elektros' ROCE % of 10.04% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Elektros' value of 10.04% is 26.4% 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 a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Elektros's current ROCE % of 10.04% is 26.4% 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elektros's current ROCE % is 10.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektros stock overvalued right now?
Elektros (ELEK) has a current ROCE % of 10.04%. The current ROCE % is 10.04% and 26.4% above the Vehicles & Parts industry median of 7.94. 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 Elektros (ELEK), the current ROCE % is 10.04% as of Nov. 2018. 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.

Elektros Business Description

Address 16950 North Bay Road, Suite 1803, Sunny Isles Beach, FL, USA, 33160
Elektros Inc is an American Electric Vehicle company that innovates mobility solutions for consumers and businesses.