GD Tikves AD Kavadarci (XMAE:TIKV) ROCE % : 0.00% (As of . 20)

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What is GD Tikves AD Kavadarci 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. GD Tikves AD Kavadarci's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

GD Tikves AD Kavadarci ROCE % Historical Data

The historical data trend for GD Tikves AD Kavadarci'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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GD Tikves AD Kavadarci ROCE % Chart

GD Tikves AD Kavadarci Annual Data

Trend

ROCE %

GD Tikves AD Kavadarci Semi-Annual Data

ROCE %

GD Tikves AD Kavadarci ROCE % Calculation

GD Tikves AD Kavadarci'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

GD Tikves AD Kavadarci'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.

GD Tikves AD Kavadarci (XMAE:TIKV) 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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GD Tikves AD Kavadarci Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » GD Tikves AD Kavadarci (XMAE:TIKV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Noemvri br 5, Kavadarci, MKD, 1430

Website

https://www.gdtikveswinery.com

GD Tikves AD Kavadarci is engaged in the production and distribution of wine and liquor products.

GD Tikves AD Kavadarci Headlines

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