Blue Capital Reinsurance Ltd ROCE
What is the ROCE of Blue Capital Reinsurance Ltd?
The ROCE of Blue Capital Reinsurance Holdings Ltd is -20.65%
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 NYSE compared to Blue Capital Reinsurance Ltd
What does Blue Capital Reinsurance Ltd do?
blue capital management ltd. ("blue capital") provides innovative catastrophe reinsurance-linked investment products for institutional and retail investors. blue capital is the wholly owned asset management platform of endurance specialty holdings ltd. (nyse: enh, “endurance”), a recognized global specialty provider of property and casualty insurance and reinsurance and a leader in property catastrophe and short tail reinsurance since 2001. by leveraging endurance’s underwriting expertise and deep broker and client relationships, blue capital differentiates itself by providing investors broad access to the global catastrophe reinsurance market.
Companies with roce similar to Blue Capital Reinsurance Ltd
- Unisys 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 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%
- Yubba Capital Corp has ROCE of -20.62%
- Pineapple Inc has ROCE of -20.62%
- Spectre Capital has ROCE of -20.57%