Eltek ASA (OSL:ELT) ROCE % : -2.31% (As of Dec. 2014)

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What is Eltek ASA 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. Eltek ASA's annualized ROCE % for the quarter that ended in Dec. 2014 was -2.31%.

Eltek ASA ROCE % Historical Data

The historical data trend for Eltek ASA'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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Eltek ASA ROCE % Chart

Eltek ASA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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7.46

10.27

13.18

15.84

8.81

Eltek ASA Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
ROCE %	Get a 7-Day Free Trial															18.79	8.71	19.44	12.42	-2.31

Eltek ASA ROCE % Calculation

Eltek ASA's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	157.6	/	( ( (2897.3 - 1032.8)	+	(3115.7 - 1402.7) )	/ 2 )
	=	157.6	/	( (1864.5	+	1713)	/ 2 )
	=	157.6	/	1788.75
	=	8.81 %

Eltek ASA's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Sep. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Sep. 2014 )		(Q: Dec. 2014 )
	=	-39.6	/	( ( (2782.3 - 1072.4)	+	(3115.7 - 1402.7) )	/ 2 )
	=	-39.6	/	( ( 1709.9	+	1713 )	/ 2 )
	=	-39.6	/	1711.45
	=	-2.31 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2014) EBIT data.

Eltek ASA (OSL:ELT) 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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Eltek ASA (OSL:ELT) Business Description

Industry

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Address

Website

http://www.eltek.com

Eltek Power Systems AS was incorporated on January 1, 1971. The Company is a supplier to the telecommunication industry. The Company develops, manufactures & markets power systems & solutions for mission critical applications within telecommunications & data centers, and for the power utilities, railway & metro, & marine & offshore industries.

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