Zarneni Hrani O (XBUL:ZHBG) ROCE % : -3.38% (As of Sep. 2022)

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What is Zarneni Hrani O 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. Zarneni Hrani O's annualized ROCE % for the quarter that ended in Sep. 2022 was -3.38%.

Zarneni Hrani O ROCE % Historical Data

The historical data trend for Zarneni Hrani O'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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Zarneni Hrani O ROCE % Chart

Zarneni Hrani O Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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2.30

3.35

2.72

2.71

1.87

Zarneni Hrani O Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															3.78	0.14	3.59	1.70	-3.38

Zarneni Hrani O ROCE % Calculation

Zarneni Hrani O's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	6.728	/	( ( (401.264 - 49.951)	+	(416.113 - 47.177) )	/ 2 )
	=	6.728	/	( (351.313	+	368.936)	/ 2 )
	=	6.728	/	360.1245
	=	1.87 %

Zarneni Hrani O's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-10.98	/	( ( (417.219 - 46.933)	+	(323.259 - 44.275) )	/ 2 )
	=	-10.98	/	( ( 370.286	+	278.984 )	/ 2 )
	=	-10.98	/	324.635
	=	-3.38 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Zarneni Hrani O (XBUL:ZHBG) 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.

Zarneni Hrani O ROCE % Related Terms

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Zarneni Hrani O (XBUL:ZHBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zarneni Hrani O (XBUL:ZHBG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Stefan Karadja street, Sofia, BGR, 1000

Website

http://www.zarnenihrani.com

Zarneni Hrani O is an agribusiness company. It is engaged in the distribution of fertilizers and chemicals, oilseed processing, storage & trade in grains and oilseeds, biodiesel production & logistics services. It offers services to farmers.

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