180 Degree Capital Corp ROCE
What is the ROCE of 180 Degree Capital Corp?
The ROCE of 180 Degree Capital Corp is -20.74%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Finance sector on NASDAQ compared to 180 Degree Capital Corp
What does 180 Degree Capital Corp do?
180 degree capital corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds, i.e., a 180-degree turn. detailed information about 180 can be found on our website at www.180degreecapital.com.
Companies with roce similar to 180 Degree Capital Corp
- New Leaf Ventures Inc has ROCE of -20.82%
- Unisys has ROCE of -20.81%
- Gold Resource Corp has ROCE of -20.81%
- SeaSpine Corp has ROCE of -20.76%
- Silk Road Medical Inc has ROCE of -20.76%
- Sunniva has ROCE of -20.75%
- 180 Degree Capital Corp has ROCE of -20.74%
- Eleven Resources has ROCE of -20.71%
- Blue Capital Reinsurance has ROCE of -20.65%
- Blue Capital Reinsurance Ltd has ROCE of -20.65%
- The Green Organic Dutchman WT EXP 022821 has ROCE of -20.64%
- Kymera Therapeutics has ROCE of -20.64%
- S.T. Dupont S.A has ROCE of -20.62%