Rudnik za nem. Strmos Probistip (XMAE:STMS) ROCE % : 0.00% (As of . 20)

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What is Rudnik za nem. Strmos Probistip 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. Rudnik za nem. Strmos Probistip's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Rudnik za nem. Strmos Probistip ROCE % Historical Data

The historical data trend for Rudnik za nem. Strmos Probistip'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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Rudnik za nem. Strmos Probistip ROCE % Chart

Rudnik za nem. Strmos Probistip Annual Data

Trend

ROCE %

Rudnik za nem. Strmos Probistip Quarterly Data

ROCE %

Rudnik za nem. Strmos Probistip ROCE % Calculation

Rudnik za nem. Strmos Probistip'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Rudnik za nem. Strmos Probistip'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 four times the quarterly (. 20) EBIT data.

Rudnik za nem. Strmos Probistip (XMAE:STMS) 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.

Rudnik za nem. Strmos Probistip ROCE % Related Terms

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Rudnik za nem. Strmos Probistip (XMAE:STMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rudnik za nem. Strmos Probistip (XMAE:STMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Macedonian Revolutionaries 56, Probistip, MKD

Website

http://www.strmos.com.mk

Rudnik za nem. Strmos Probistip is engaged in the exploitation and processing of non-metallic mineral raw materials: quartzite, opal breccia, amorphous white opal tuff, and zeophytes.

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