Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) ROCE % : 8.16% (As of Sep. 2011)

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What is Ericom Telekomunikasyon ve Enerji Teknolojileri AS 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. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's annualized ROCE % for the quarter that ended in Sep. 2011 was 8.16%.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS ROCE % Historical Data

The historical data trend for Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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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Ericom Telekomunikasyon ve Enerji Teknolojileri AS ROCE % Chart

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Annual Data

Trend

Dec08

Dec09

Dec10

ROCE %

23.17

51.87

54.56

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Quarterly Data
	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
ROCE %	Get a 7-Day Free Trial				-	-3.31	5.00	-0.68	8.16

Ericom Telekomunikasyon ve Enerji Teknolojileri AS ROCE % Calculation

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	0.822	/	( ( (2.398 - 1.198)	+	(6.076 - 4.263) )	/ 2 )
	=	0.822	/	( (1.2	+	1.813)	/ 2 )
	=	0.822	/	1.5065
	=	54.56 %

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's ROCE % of for the quarter that ended in Sep. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	0.72	/	( ( (10.731 - 1.951)	+	(11.033 - 2.161) )	/ 2 )
	=	0.72	/	( ( 8.78	+	8.872 )	/ 2 )
	=	0.72	/	8.826
	=	8.16 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) 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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS ROCE % Related Terms

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Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cd. USO Center, Merkezi No:245 Kat:17, Istanbul, TUR

Website

http://www.ericom.com.tr

Ericom Telekomunikasyon ve Enerji Teknolojileri A.S. is engaged in the supply of energy storage systems. The Company markets lead acid, lithium-ferrite, and vanadium redox type flow battery systems to cellular communications services providers.

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