Mallett (LSE:MAEA) ROCE % : -9.88% (As of Jun. 2014)

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What is Mallett 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. Mallett's annualized ROCE % for the quarter that ended in Jun. 2014 was -9.88%.

Mallett ROCE % Historical Data

The historical data trend for Mallett'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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Mallett ROCE % Chart

Mallett Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-8.08

-7.58

3.16

-0.52

3.45

Mallett Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
ROCE %	Get a 7-Day Free Trial															-0.11	-0.93	2.74	4.12	-9.88

Mallett ROCE % Calculation

Mallett's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	0.558	/	( ( (21.134 - 4.949)	+	(22.22 - 6.031) )	/ 2 )
	=	0.558	/	( (16.185	+	16.189)	/ 2 )
	=	0.558	/	16.187
	=	3.45 %

Mallett's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	-1.466	/	( ( (22.22 - 6.031)	+	(18.289 - 4.794) )	/ 2 )
	=	-1.466	/	( ( 16.189	+	13.495 )	/ 2 )
	=	-1.466	/	14.842
	=	-9.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

Mallett (LSE:MAEA) 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.

Mallett ROCE % Related Terms

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Mallett (LSE:MAEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mallett PLC (LSE:MAEA) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Website

http://www.mallettantiques.com

Mallett PLC is engaged in dealing in antique furniture and works of art. Its activities are split into four business segments: dealing in antique furniture and objets d'art through Mallett; dealing in fine art through James Harvey British Art; designing and manufacturing contemporary furniture and works of art through Meta; and providing restoration services through Hatfields. The group has operations in two geographic regions, namely, UK and US.

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