890 5th Avenue Partners (890 5th Avenue Partners) ROCE % : 0.00% (As of Oct. 2020)

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What is 890 5th Avenue Partners 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. 890 5th Avenue Partners's annualized ROCE % for the quarter that ended in Oct. 2020 was 0.00%.

890 5th Avenue Partners ROCE % Historical Data

The historical data trend for 890 5th Avenue Partners'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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890 5th Avenue Partners ROCE % Chart

890 5th Avenue Partners Annual Data

Trend

Dec20

ROCE %

890 5th Avenue Partners Semi-Annual Data
	Sep20	Oct20	Dec20
ROCE %	-	-	-

890 5th Avenue Partners ROCE % Calculation

890 5th Avenue Partners'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

890 5th Avenue Partners's ROCE % of for the quarter that ended in Oct. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2020 )		(Q: Sep. 2020 )		(Q: Oct. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2020 )		(Q: Sep. 2020 )		(Q: Oct. 2020 )
	=	0	/	( ( (0.14 - 0.125)	+	(0.14 - 0.125) )	/ 2 )
	=	0	/	( ( 0.015	+	0.015 )	/ 2 )
	=	0	/	0.015
	=	0.00 %

(1) Note: The EBIT data used here is one times the annual (Oct. 2020) EBIT data.

890 5th Avenue Partners (NAS:ENFAW) 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.

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