Vinarska Vizba Tikves AD (XMAE:TKVS) ROCE % : 0.00% (As of . 20)

View and export this data going back to . Start your Free Trial

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

Vinarska Vizba Tikves AD ROCE % Historical Data

The historical data trend for Vinarska Vizba Tikves 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.

* Premium members only.

Vinarska Vizba Tikves AD ROCE % Chart

Vinarska Vizba Tikves AD Annual Data

Trend

ROCE %

Vinarska Vizba Tikves AD Semi-Annual Data

ROCE %

Vinarska Vizba Tikves AD ROCE % Calculation

Vinarska Vizba Tikves 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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Vinarska Vizba Tikves 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.

Vinarska Vizba Tikves AD (XMAE:TKVS) 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.

Vinarska Vizba Tikves AD ROCE % Related Terms

Thank you for viewing the detailed overview of Vinarska Vizba Tikves AD's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Vinarska Vizba Tikves AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Vinarska Vizba Tikves AD (XMAE:TKVS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

810 bb, Skopje, MKD, 1000

Website

http://www.tikves.com.mk

Vinarska Vizba Tikves AD is engaged in the production and distribution of wines in Macedonia. It produces different types of wine, including red and white table wines, quality wines, and special selection wines.

Vinarska Vizba Tikves AD Headlines

No Headlines