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

View and export this data going back to 2012. Start your Free Trial

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

Elektros ROCE % Historical Data

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.

* Premium members only.

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															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.

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

Thank you for viewing the detailed overview of Elektros's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.