Screen Service (FRA:AJO) ROCE % : -119.14% (As of Sep. 2013)

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What is Screen Service 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. Screen Service's annualized ROCE % for the quarter that ended in Sep. 2013 was -119.14%.

Screen Service ROCE % Historical Data

The historical data trend for Screen Service'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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Screen Service ROCE % Chart

Screen Service Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

ROCE %

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23.19

19.37

12.02

-20.27

-119.14

Screen Service Semi-Annual Data
	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Sep13
ROCE %	Get a 7-Day Free Trial			23.19	19.37	12.02	-20.27	-119.14

Screen Service ROCE % Calculation

Screen Service's annualized ROCE % for the fiscal year that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	-48.449	/	( ( (126.018 - 58.578)	+	(76.604 - 62.714) )	/ 2 )
	=	-48.449	/	( (67.44	+	13.89)	/ 2 )
	=	-48.449	/	40.665
	=	-119.14 %

Screen Service's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Sep. 2012 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Sep. 2012 )		(Q: Sep. 2013 )
	=	-48.449	/	( ( (126.018 - 58.578)	+	(76.604 - 62.714) )	/ 2 )
	=	-48.449	/	( ( 67.44	+	13.89 )	/ 2 )
	=	-48.449	/	40.665
	=	-119.14 %

(1) Note: The EBIT data used here is one times the annual (Sep. 2013) EBIT data.

Screen Service (FRA:AJO) 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.

Screen Service ROCE % Related Terms

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Screen Service (FRA:AJO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Screen Service (FRA:AJO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.screen.it

Screen Service, an Italy-based telecommunication Company provides products and services to broadcasters and mobile operators. Its products include analog and digital transmitters and transposers, encoders, decoders, remote control systems and modulators.

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