ZIF Invest Nova Fond a.d (XBLB:INVP-R-A) ROCE % : -2,302.75% (As of Mar. 2019)

View and export this data going back to 2003. Start your Free Trial

What is ZIF Invest Nova Fond a.d 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. ZIF Invest Nova Fond a.d's annualized ROCE % for the quarter that ended in Mar. 2019 was -2,302.75%.

ZIF Invest Nova Fond a.d ROCE % Historical Data

The historical data trend for ZIF Invest Nova Fond a.d'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.

* Premium members only.

ZIF Invest Nova Fond a.d ROCE % Chart

ZIF Invest Nova Fond a.d Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

Get a 7-Day Free Trial

0.92

3.52

-14.07

17,538.79

ZIF Invest Nova Fond a.d Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															-53.70	50.33	-41,434.89	149,572.52	-2,302.75

ZIF Invest Nova Fond a.d ROCE % Calculation

ZIF Invest Nova Fond a.d's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	24.642	/	( ( (0.361 - 0.131)	+	(0.18 - 0.129) )	/ 2 )
	=	24.642	/	( (0.23	+	0.051)	/ 2 )
	=	24.642	/	0.1405
	=	17,538.79 %

ZIF Invest Nova Fond a.d's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	-2.936	/	( ( (0.18 - 0.129)	+	(0.216 - 0.012) )	/ 2 )
	=	-2.936	/	( ( 0.051	+	0.204 )	/ 2 )
	=	-2.936	/	0.1275
	=	-2,302.75 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

ZIF Invest Nova Fond a.d (XBLB:INVP-R-A) 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.

ZIF Invest Nova Fond a.d ROCE % Related Terms

Thank you for viewing the detailed overview of ZIF Invest Nova Fond a.d's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

ZIF Invest Nova Fond a.d Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ZIF Invest Nova Fond a.d (XBLB:INVP-R-A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street Gavrilo Princip 11, Bijeljina, BIH, 76300

Website

http://www.investnova.info

ZIF Invest Nova Fond a.d is a closed end investment fund.

ZIF Invest Nova Fond a.d Headlines

No Headlines