HQ Global Education (HQ Global Education) ROCE % : 33.10% (As of Nov. 2011)

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What is HQ Global Education 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. HQ Global Education's annualized ROCE % for the quarter that ended in Nov. 2011 was 33.10%.

HQ Global Education ROCE % Historical Data

The historical data trend for HQ Global Education'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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HQ Global Education ROCE % Chart

HQ Global Education Annual Data

Trend

Feb08

Feb09

Aug10

ROCE %

-150.00

-108.33

65.83

HQ Global Education Quarterly Data
	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11
ROCE %	Get a 7-Day Free Trial											49.65	37.40	35.23	10.64	33.10

HQ Global Education ROCE % Calculation

HQ Global Education's annualized ROCE % for the fiscal year that ended in Aug. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2010 )		(A: Feb. 2009 )		(A: Aug. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2010 )		(A: Feb. 2009 )		(A: Aug. 2010 )
	=	13.677	/	( ( (0.018 - 0)	+	(46.556 - 5.023) )	/ 2 )
	=	13.677	/	( (0.018	+	41.533)	/ 2 )
	=	13.677	/	20.7755
	=	65.83 %

HQ Global Education's ROCE % of for the quarter that ended in Nov. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2011 )		(Q: Aug. 2011 )		(Q: Nov. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2011 )		(Q: Aug. 2011 )		(Q: Nov. 2011 )
	=	22.248	/	( ( (69.346 - 5.118)	+	(79.732 - 9.527) )	/ 2 )
	=	22.248	/	( ( 64.228	+	70.205 )	/ 2 )
	=	22.248	/	67.2165
	=	33.10 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2011) EBIT data.

HQ Global Education (OTCPK:HQGE) 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.

HQ Global Education ROCE % Related Terms

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HQ Global Education (HQ Global Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » HQ Global Education Inc (OTCPK:HQGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 City Boulevard West, Suite 1700, Orange, CA, USA, 92868

Website

https://www.hqgeinc.com

HQ Global Education Inc is the provider of comprehensive film and TV production services. The company offers a wide array of film and TV production resources for small Indie productions through to full theatrical projects. Its products and services include film and television; producing; financing; and optioning.

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