Conrad Industries (Conrad Industries) ROCE % : -19.24% (As of Sep. 2023)

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What is Conrad Industries 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. Conrad Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was -19.24%.

Conrad Industries ROCE % Historical Data

The historical data trend for Conrad Industries'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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Conrad Industries ROCE % Chart

Conrad Industries Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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23.40

4.65

-1.76

-3.65

1.00

Conrad Industries Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
ROCE %	Get a 7-Day Free Trial															20.25	-9.45	-10.06	-22.41	-19.24

Conrad Industries ROCE % Calculation

Conrad Industries's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	1.276	/	( ( (161.548 - 32.098)	+	(160.533 - 33.573) )	/ 2 )
	=	1.276	/	( (129.45	+	126.96)	/ 2 )
	=	1.276	/	128.205
	=	1.00 %

Conrad Industries'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: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	-17.036	/	( ( (0 - 0)	+	(150.063 - 61.506) )	/ 1 )
	=	-17.036	/	( ( 0	+	88.557 )	/ 1 )
	=	-17.036	/	88.557
	=	-19.24 %

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

Conrad Industries (OTCPK:CNRD) 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.

Conrad Industries ROCE % Related Terms

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Conrad Industries (Conrad Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Conrad Industries Inc (OTCPK:CNRD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Brashear Avenue, Suite 200, Morgan City, LA, USA, 70380

Website

https://www.conradindustries.com

Conrad Industries Inc is engaged in the construction, repair, and conversion of steel and aluminum marine vessels for commercial and governmental customers. The business activity of the firm is operated through Vessel Construction and Repair and Conversions segments. It generates maximum revenue from the Vessel Construction segment. The Vessel Construction segment involves the building of a new vessel, often including engineering and design. The Repair and Conversions segment comprises work on an existing vessel.

Executives

Myers Kenneth G Jr

director, officer: President and CEO

STEWART ENTERPRISES, INC., 1333 SOUTH CLEARVIEW PARKWAY, JEFFERSON LA 70121