Jade Art Group (Jade Art Group) ROCE % : 2.57% (As of Sep. 2010)

View and export this data going back to 2007. Start your Free Trial

What is Jade Art Group 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. Jade Art Group's annualized ROCE % for the quarter that ended in Sep. 2010 was 2.57%.

Jade Art Group ROCE % Historical Data

The historical data trend for Jade Art Group'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.

* Premium members only.

Jade Art Group ROCE % Chart

Jade Art Group Annual Data

Trend

Jul06

Jul07

Dec08

Dec09

ROCE %

71.17

26.81

Jade Art Group Quarterly Data
	Oct06	Jan07	Apr07	Jul07	Oct07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
ROCE %	Get a 7-Day Free Trial											49.92	30.91	22.93	8.20	2.57

Jade Art Group ROCE % Calculation

Jade Art Group's annualized ROCE % for the fiscal year that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	18.737	/	( ( (67.55 - 4.302)	+	(79.55 - 3.044) )	/ 2 )
	=	18.737	/	( (63.248	+	76.506)	/ 2 )
	=	18.737	/	69.877
	=	26.81 %

Jade Art Group's ROCE % of for the quarter that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	2.184	/	( ( (86.146 - 1.943)	+	(87.558 - 1.937) )	/ 2 )
	=	2.184	/	( ( 84.203	+	85.621 )	/ 2 )
	=	2.184	/	84.912
	=	2.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

Jade Art Group (OTCPK:JADA) 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.

Jade Art Group ROCE % Related Terms

Thank you for viewing the detailed overview of Jade Art Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jade Art Group (Jade Art Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jade Art Group Inc (OTCPK:JADA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1028 Highland Lakes Trace, Birmingham, AL, USA, 35242

Website

http://jadagrp.com

Jade Art Group Inc is a development stage company.

Executives

Hui Ping Cheng

director, officer: President

C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107

Jade Art Group (Jade Art Group) Headlines

From GuruFocus

Investment Analysis of Jade Art Group

By guruek Saj Karsan • 06-14-2010