Ardekan Industerial Ceramic Co (XTEH:ARDK1) ROCE % : 0.00% (As of . 20)

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What is Ardekan Industerial Ceramic Co 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. Ardekan Industerial Ceramic Co's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Ardekan Industerial Ceramic Co ROCE % Historical Data

The historical data trend for Ardekan Industerial Ceramic Co'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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Ardekan Industerial Ceramic Co ROCE % Chart

Ardekan Industerial Ceramic Co Annual Data

Trend

ROCE %

Ardekan Industerial Ceramic Co Semi-Annual Data

ROCE %

Ardekan Industerial Ceramic Co ROCE % Calculation

Ardekan Industerial Ceramic Co'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Ardekan Industerial Ceramic Co'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.

Ardekan Industerial Ceramic Co (XTEH:ARDK1) 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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Ardekan Industerial Ceramic Co (XTEH:ARDK1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ardekan Industerial Ceramic Co (XTEH:ARDK1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 1, Sa'adat Abad Street, Azadi, Isfahan, IRN

Website

http://www.aic.ir

Ardekan Industerial Ceramic Co. is a manufacturer of alumina-based industrial ceramics & silicate-based industrial ceramics in Iran. The company's products include Alumina Grinding Balls and Liners, Activated Alumina, Silicate, and others. Its products are used in various industries such as Tiles and ceramics industries, Iron, steel and mines, Oil, natural gas, petrochemical, and chemical industries among others.

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