CLK Holding AS (IST:CLKHO) ROCE % : 37.36% (As of Jun. 2013)

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What is CLK Holding AS 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. CLK Holding AS's annualized ROCE % for the quarter that ended in Jun. 2013 was 37.36%.

CLK Holding AS ROCE % Historical Data

The historical data trend for CLK Holding AS'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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CLK Holding AS ROCE % Chart

CLK Holding AS Annual Data

Trend

Dec10

Dec11

Dec12

ROCE %

2.21

9.51

CLK Holding AS Quarterly Data
	Mar10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
ROCE %	Get a 7-Day Free Trial							14.24	10.64	14.10	6.00	37.36

CLK Holding AS ROCE % Calculation

CLK Holding AS's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	2.534	/	( ( (25.651 - 0.388)	+	(29.814 - 1.77) )	/ 2 )
	=	2.534	/	( (25.263	+	28.044)	/ 2 )
	=	2.534	/	26.6535
	=	9.51 %

CLK Holding AS's ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	14.848	/	( ( (92.056 - 53.167)	+	(93.609 - 53.008) )	/ 2 )
	=	14.848	/	( ( 38.889	+	40.601 )	/ 2 )
	=	14.848	/	39.745
	=	37.36 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2013) EBIT data.

CLK Holding AS (IST:CLKHO) 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.

CLK Holding AS ROCE % Related Terms

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CLK Holding AS (IST:CLKHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CLK Holding AS (IST:CLKHO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pelitlikoyu Merkez Mahallesi, Beynova Sokak, No: 20 Gebze, Kocaeli, Istanbul, TUR

Website

http://www.karkim.com

CLK Holding AS is a Turkey-based drilling fluids chemical supplier. The company is engaged in the trade, production, engineering, and research and development of drilling fluids. Its products include sub-groups as construction chemicals, special mortar admixtures, cement based water sealing, heat insulation adhesives, glazed tile and ceramic adhesives, joint sealants, repair mortars, floor covering and concrete admixtures.

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