Cadiz ROCE
What is the ROCE of Cadiz?
The ROCE of Cadiz Inc. is -21.50%
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 Utilities sector on NASDAQ compared to Cadiz
What does Cadiz do?
founded in 1983, cadiz inc. is a renewable resource company that owns over 70 square miles of land with significant water resources in southern california. the company's properties, which are located at three sites in california's eastern mojave desert, offer abundant and renewable sources of clean water, an ideal environment for organic farming, and excellent land conservation opportunities. the company maintains an organic agricultural operation at its primary property in the cadiz valley and manages the largest desert tortoise land conservation bank in california. the company is also pursuing the cadiz valley water conservation, recovery and storage project, known as the cadiz water project, which will capture and conserve billions of gallons of renewable groundwater that is presently lost to evaporation and provide a new, sustainable water supply. through the active and safe management of the groundwater aquifer system at the site, the cadiz water project will reduce an ongoing los
Companies with roce similar to Cadiz
- Torque Metals Ltd has ROCE of -21.62%
- MC Mining has ROCE of -21.60%
- Itamar Medical has ROCE of -21.59%
- PowerCell Sweden AB (publ) has ROCE of -21.52%
- Tecogen Inc has ROCE of -21.51%
- Precipitate Gold has ROCE of -21.51%
- Cadiz has ROCE of -21.50%
- Bonanza Mining has ROCE of -21.48%
- Rosehill Resources has ROCE of -21.47%
- BioNexus Gene Lab has ROCE of -21.46%
- McPhy S.A has ROCE of -21.45%
- Colossus Resources Corp has ROCE of -21.43%
- Highway has ROCE of -21.37%