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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. Electro Rent's annualized ROCE % for the quarter that ended in Feb. 2016 was 3.03%.
The historical data trend for Electro Rent'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.
Electro Rent Annual Data | |||||||||||||||||||||
Trend | May06 | May07 | May08 | May09 | May10 | May11 | May12 | May13 | May14 | May15 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 15.62 | 14.77 | 15.40 | 13.99 | 9.99 |
Electro Rent Quarterly Data | ||||||||||||||||||||
May11 | Aug11 | Nov11 | Feb12 | May12 | Aug12 | Nov12 | Feb13 | May13 | Aug13 | Nov13 | Feb14 | May14 | Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | |
ROCE % | Get a 7-Day Free Trial | 6.36 | 9.76 | 7.36 | 6.07 | 3.03 |
Electro Rent's annualized ROCE % for the fiscal year that ended in May. 2015 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: May. 2015 ) | (A: May. 2014 ) | (A: May. 2015 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: May. 2015 ) | (A: May. 2014 ) | (A: May. 2015 ) | |||||
= | 22.928 | / | ( ( (302.058 - 71.1) | + | (300.314 - 72.336) ) | / 2 ) | |
= | 22.928 | / | ( (230.958 | + | 227.978) | / 2 ) | |
= | 22.928 | / | 229.468 | ||||
= | 9.99 % |
Electro Rent's ROCE % of for the quarter that ended in Feb. 2016 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Feb. 2016 ) | (Q: Nov. 2015 ) | (Q: Feb. 2016 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Feb. 2016 ) | (Q: Nov. 2015 ) | (Q: Feb. 2016 ) | |||||
= | 6.848 | / | ( ( (285.185 - 58.115) | + | (287.169 - 62.07) ) | / 2 ) | |
= | 6.848 | / | ( ( 227.07 | + | 225.099 ) | / 2 ) | |
= | 6.848 | / | 226.0845 | ||||
= | 3.03 % |
(1) Note: The EBIT data used here is four times the quarterly (Feb. 2016) EBIT data.
* 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.
Electro Rent (NAS:ELRC) 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.
Thank you for viewing the detailed overview of Electro Rent's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
James S Pignatelli | director | 2300 E SLINGSHOT WAY, KAMAS UT 84036 |
Theodore E Guth | director | 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411 |
Joseph J Kearns | director | C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411 |
Platinum Equity Llc | 10 percent owner | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Tom Gores | 10 percent owner | C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Investment Holdings Iii, Llc | 10 percent owner | C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Partners Iii, Llc | 10 percent owner | C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
S Lee Kling | director | 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144 |
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