Harold Otabil Research And Development Systems (XGHA:HORDS) ROCE % : 0.00% (As of . 20)

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What is Harold Otabil Research And Development Systems 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. Harold Otabil Research And Development Systems's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Harold Otabil Research And Development Systems ROCE % Historical Data

The historical data trend for Harold Otabil Research And Development Systems'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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Harold Otabil Research And Development Systems ROCE % Chart

Harold Otabil Research And Development Systems Annual Data

Trend

ROCE %

Harold Otabil Research And Development Systems Semi-Annual Data

ROCE %

Harold Otabil Research And Development Systems ROCE % Calculation

Harold Otabil Research And Development Systems'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Harold Otabil Research And Development Systems'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.

Harold Otabil Research And Development Systems (XGHA:HORDS) 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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Harold Otabil Research And Development Systems (XGHA:HORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Harold Otabil Research And Development Systems Ltd (XGHA:HORDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Old GNTC Road Kanda, Behind Presidential Palace, Accra, GHA

Website

http://www.hordslimitedgh.com

Harold Otabil Research And Development Systems Ltd is an agro-processing company that adds value to the various agricultural products such as cocoa, cassava, soya and other non-food products in Ghana. The company manufactures food and beverages, food supplements, detergents & laundry products; agricultural consultants; and import and export of goods. Its products portfolio includes food and beverages, natural supplements, detergents, and laundry products.

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