Societe L'Accumulateur Tunisien Assad (XTUN:ASSAD) ROCE % : 0.00% (As of . 20)

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What is Societe L'Accumulateur Tunisien Assad 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. Societe L'Accumulateur Tunisien Assad's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Societe L'Accumulateur Tunisien Assad ROCE % Historical Data

The historical data trend for Societe L'Accumulateur Tunisien Assad'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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Societe L'Accumulateur Tunisien Assad ROCE % Chart

Societe L'Accumulateur Tunisien Assad Annual Data

Trend

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Societe L'Accumulateur Tunisien Assad Semi-Annual Data

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Societe L'Accumulateur Tunisien Assad ROCE % Calculation

Societe L'Accumulateur Tunisien Assad'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Societe L'Accumulateur Tunisien Assad'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.

Societe L'Accumulateur Tunisien Assad (XTUN:ASSAD) 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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Societe L'Accumulateur Tunisien Assad Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Societe L'Accumulateur Tunisien Assad (XTUN:ASSAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rue de la Fonte, BP N° 7, Ben Arous, TUN

Website

http://www.atassad.com

Societe L'Accumulateur Tunisien Assad is engaged in manufacture of lead/acid battery. It offers open lead and MF batteries; and other products, such as plates, chargers, and demineralized water. The company also provides study services, technical tips, and assistance for the creation and development of the batteries production and assembling units. Its production covers a range of applications, including automotive, marine, solar energy, recreation, industry, computing, and telecommunications.

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