Aluworks (XGHA:ALW) ROCE % : -22.80% (As of Dec. 2020)

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What is Aluworks 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. Aluworks's annualized ROCE % for the quarter that ended in Dec. 2020 was -22.80%.

Aluworks ROCE % Historical Data

The historical data trend for Aluworks'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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Aluworks ROCE % Chart

Aluworks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-2.50

-4.65

-13.68

-11.08

-22.80

Aluworks Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
ROCE %	Get a 7-Day Free Trial			-2.50	-4.65	-13.68	-11.08	-22.80

Aluworks ROCE % Calculation

Aluworks's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-12.023	/	( ( (226.051 - 154.933)	+	(215.398 - 181.036) )	/ 2 )
	=	-12.023	/	( (71.118	+	34.362)	/ 2 )
	=	-12.023	/	52.74
	=	-22.80 %

Aluworks's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Dec. 2019 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Dec. 2019 )		(Q: Dec. 2020 )
	=	-12.023	/	( ( (226.051 - 154.933)	+	(215.398 - 181.036) )	/ 2 )
	=	-12.023	/	( ( 71.118	+	34.362 )	/ 2 )
	=	-12.023	/	52.74
	=	-22.80 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2020) EBIT data.

Aluworks (XGHA:ALW) 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.

Aluworks ROCE % Related Terms

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Aluworks (XGHA:ALW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluworks Ltd (XGHA:ALW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 63/1, Heavy Industrial Area, P. O. Box CO 914, Greater Accra, Tema, GHA

Website

https://www.aluworks.com

Aluworks Ltd is engaged in continuous casting and cold rolling of aluminum products. The company manufactures aluminum coils, circles, corrugated sheets, and flat sheets. It acts as a supplier of aluminum coils, discs, flat sheets and sheet-in-coil as raw materials for many small and medium-scale factories manufacturing aluminum household cooking utensils, corrugated roofing sheets, and general fabrication. The company generates the majority of its revenue from Ghana.

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