RZ Ekonomika AD (XMAE:RZEK) ROCE % : 0.00% (As of . 20)

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What is RZ Ekonomika AD 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. RZ Ekonomika AD's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

RZ Ekonomika AD ROCE % Historical Data

The historical data trend for RZ Ekonomika AD'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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RZ Ekonomika AD ROCE % Chart

RZ Ekonomika AD Annual Data

Trend

ROCE %

RZ Ekonomika AD Semi-Annual Data

ROCE %

RZ Ekonomika AD ROCE % Calculation

RZ Ekonomika AD'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

RZ Ekonomika AD'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.

RZ Ekonomika AD (XMAE:RZEK) 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.

RZ Ekonomika AD ROCE % Related Terms

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RZ Ekonomika AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » RZ Ekonomika AD (XMAE:RZEK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Makedonska Brigada 18, Skopje, MKD, 1000

Website

http://www.rzekonomika.com.mk

RZ Ekonomika AD is a financial service provider company. The company deals with commerce, financial intermediation, renting business property and other business activities.

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