National Cable & Wire Manufacturing (AMM:WIRE) ROCE % : -13.71% (As of Sep. 2023)

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What is National Cable & Wire Manufacturing 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. National Cable & Wire Manufacturing's annualized ROCE % for the quarter that ended in Sep. 2023 was -13.71%.

National Cable & Wire Manufacturing ROCE % Historical Data

The historical data trend for National Cable & Wire Manufacturing'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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National Cable & Wire Manufacturing ROCE % Chart

National Cable & Wire Manufacturing Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.25

-8.38

-15.47

-10.33

-12.28

National Cable & Wire Manufacturing Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-30.70	-9.83	-3.73	-6.95	-13.71

National Cable & Wire Manufacturing ROCE % Calculation

National Cable & Wire Manufacturing's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.244	/	( ( (21.851 - 10.115)	+	(18.7 - 10.18) )	/ 2 )
	=	-1.244	/	( (11.736	+	8.52)	/ 2 )
	=	-1.244	/	10.128
	=	-12.28 %

National Cable & Wire Manufacturing's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.568	/	( ( (19.26 - 6.626)	+	(18.257 - 8.024) )	/ 2 )
	=	-1.568	/	( ( 12.634	+	10.233 )	/ 2 )
	=	-1.568	/	11.4335
	=	-13.71 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

National Cable & Wire Manufacturing (AMM:WIRE) 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.

National Cable & Wire Manufacturing ROCE % Related Terms

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National Cable & Wire Manufacturing (AMM:WIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Cable & Wire Manufacturing (AMM:WIRE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Golden Jubilee area, P.O. Box 927104, Zarqa, Amman, JOR, 11190

Website

http://www.cableco.com.jo

National Cable & Wire Manufacturing is engaged in producing wires and cables of copper or aluminum conductors insulated/sheathed ordinary or special types or synthetic rubber. It provides various products such as Coaxial cables, Control cables, PVC insulated wires, Power cables, Concentric and service cables, Flexible cables, Telephone cables, and others.