Paints and Chemical Industries Co (LSE:47KT) ROCE % : 17.65% (As of Jun. 2018)

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What is Paints and Chemical Industries Co 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. Paints and Chemical Industries Co's annualized ROCE % for the quarter that ended in Jun. 2018 was 17.65%.

Paints and Chemical Industries Co ROCE % Historical Data

The historical data trend for Paints and Chemical Industries Co'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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Paints and Chemical Industries Co ROCE % Chart

Paints and Chemical Industries Co Annual Data

Trend

Jun17

Jun18

ROCE %

20.30

17.65

Paints and Chemical Industries Co Semi-Annual Data
	Jun17	Jun18
ROCE %	20.30	17.65

Paints and Chemical Industries Co ROCE % Calculation

Paints and Chemical Industries Co's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	6.916	/	( ( (53.508 - 14.475)	+	(50.123 - 10.777) )	/ 2 )
	=	6.916	/	( (39.033	+	39.346)	/ 2 )
	=	6.916	/	39.1895
	=	17.65 %

Paints and Chemical Industries Co's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2018 )		(Q: Jun. 2017 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Jun. 2017 )		(Q: Jun. 2018 )
	=	6.916	/	( ( (53.508 - 14.475)	+	(50.123 - 10.777) )	/ 2 )
	=	6.916	/	( ( 39.033	+	39.346 )	/ 2 )
	=	6.916	/	39.1895
	=	17.65 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2018) EBIT data.

Paints and Chemical Industries Co (LSE:47KT) 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.

Paints and Chemical Industries Co ROCE % Related Terms

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Paints and Chemical Industries Co (LSE:47KT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paints and Chemical Industries Co (LSE:47KT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Elmassanie Street, P.O. Box 11887,Elamiriya, Cario, EGY

Website

http://www.pachin.net

Paints and Chemical Industries Co is an Egypt-based company engaged in the manufacturing of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products. The product portfolio of the group consists of Decorative paints, Industrial paints, Printing inks and alkyd resin. The majority of income for the group is generated through the sale of products. It also exports all the products of paints to Libya, Saudi Arabia, Syria, Cyprus, Kenya, Sudan, and Equatorial Guinea.

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