Abiak Cement (XTEH:ABIK1) ROCE % : 0.00% (As of . 20)

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What is Abiak Cement 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. Abiak Cement's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Abiak Cement ROCE % Historical Data

The historical data trend for Abiak Cement'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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Abiak Cement ROCE % Chart

Abiak Cement Annual Data

Trend

ROCE %

Abiak Cement Semi-Annual Data

ROCE %

Abiak Cement ROCE % Calculation

Abiak Cement'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Abiak Cement'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.

Abiak Cement (XTEH:ABIK1) 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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Abiak Cement Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Abiak Cement (XTEH:ABIK1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.21 , 17Th St., Bokharest Avenue, Arjantin Square, Tehran, IRN

Website

https://www.abyekcement.com

Abiak Cement is a producer of composite Portland cement in Iran. Its product offerings comprise Portland cement, Portland limestone cement, Portland composite cement, Portland high blain cement, Portland Pozzolana cement, and special Portland Pozzolana cement.

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