Esfahans Mobarakeh Steel Co (XTEH:FOLD1) ROCE % : 41.74% (As of Mar. 2015)

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What is Esfahans Mobarakeh Steel 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. Esfahans Mobarakeh Steel Co's annualized ROCE % for the quarter that ended in Mar. 2015 was 41.74%.

Esfahans Mobarakeh Steel Co ROCE % Historical Data

The historical data trend for Esfahans Mobarakeh Steel 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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Esfahans Mobarakeh Steel Co ROCE % Chart

Esfahans Mobarakeh Steel Co Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

ROCE %

29.22

27.34

51.78

62.70

41.74

Esfahans Mobarakeh Steel Co Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15
ROCE %	29.22	27.34	51.78	62.70	41.74

Esfahans Mobarakeh Steel Co ROCE % Calculation

Esfahans Mobarakeh Steel Co's annualized ROCE % for the fiscal year that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2015 )		(A: Mar. 2014 )		(A: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2015 )		(A: Mar. 2014 )		(A: Mar. 2015 )
	=	37622194	/	( ( (159192316 - 76817656)	+	(190865334 - 92950166) )	/ 2 )
	=	37622194	/	( (82374660	+	97915168)	/ 2 )
	=	37622194	/	90144914
	=	41.74 %

Esfahans Mobarakeh Steel Co's ROCE % of for the quarter that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2015 )		(Q: Mar. 2014 )		(Q: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2015 )		(Q: Mar. 2014 )		(Q: Mar. 2015 )
	=	37622194	/	( ( (159192316 - 76817656)	+	(190865334 - 92950166) )	/ 2 )
	=	37622194	/	( ( 82374660	+	97915168 )	/ 2 )
	=	37622194	/	90144914
	=	41.74 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2015) EBIT data.

Esfahans Mobarakeh Steel Co (XTEH:FOLD1) 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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Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Esfahans Mobarakeh Steel Co (XTEH:FOLD1) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sa'adat Abad Street, P.O.BOX: 161-84815, Azadi Square, Esfahan, IRN, 11131-84881

Website

http://www.msc.ir

Esfahans Mobarakeh Steel Co is an Iran-based company engaged in producing steel in the Middle East and Northern Africa. Its products include hot rolled products, cold rolled products, coated products including galvanized, tinned and pre-painted products. The company's products are used in various industries, such as automotive, construction, household appliances, and packaging. It also exports its products to Belgium, France, Italy, Spain, Qatar, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Oman, Jordan, Armenia, and Georgia.

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