Continental Tire Andina (QUI:ERE) ROCE % : 0.00% (As of . 20)

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What is Continental Tire Andina 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. Continental Tire Andina's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Continental Tire Andina ROCE % Historical Data

The historical data trend for Continental Tire Andina'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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Continental Tire Andina ROCE % Chart

Continental Tire Andina Annual Data

Trend

ROCE %

Continental Tire Andina Semi-Annual Data

ROCE %

Continental Tire Andina ROCE % Calculation

Continental Tire Andina'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Continental Tire Andina's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

Continental Tire Andina (QUI:ERE) 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.

Continental Tire Andina ROCE % Related Terms

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Continental Tire Andina Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Continental Tire Andina SA (QUI:ERE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Panamericana Norte Km. 2.8, Quito, ECU

Website

https://www.continental-tires.com/ec/es

Continental Tire Andina SA is engaged in the production of rubber products, rubber coated fabrics and tires for carriages and bicycles.

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