PAX Anlage AG (LTS:0QQS) ROCE % : -7.64% (As of Jun. 2017)

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What is PAX Anlage AG 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. PAX Anlage AG's annualized ROCE % for the quarter that ended in Jun. 2017 was -7.64%.

PAX Anlage AG ROCE % Historical Data

The historical data trend for PAX Anlage AG'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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PAX Anlage AG ROCE % Chart

PAX Anlage AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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13.04

12.51

7.24

4.51

4.06

PAX Anlage AG Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
ROCE %	Get a 7-Day Free Trial											10.84	-1.19	0.73	8.04	-7.64

PAX Anlage AG ROCE % Calculation

PAX Anlage AG's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	16.166	/	( ( (470.429 - 36.955)	+	(503.846 - 141.073) )	/ 2 )
	=	16.166	/	( (433.474	+	362.773)	/ 2 )
	=	16.166	/	398.1235
	=	4.06 %

PAX Anlage AG's ROCE % of for the quarter that ended in Jun. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2017 )		(Q: Dec. 2016 )		(Q: Jun. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2017 )		(Q: Dec. 2016 )		(Q: Jun. 2017 )
	=	-26.674	/	( ( (503.846 - 141.073)	+	(434.973 - 99.527) )	/ 2 )
	=	-26.674	/	( ( 362.773	+	335.446 )	/ 2 )
	=	-26.674	/	349.1095
	=	-7.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2017) EBIT data.

PAX Anlage AG (LTS:0QQS) 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.

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PAX Anlage AG (LTS:0QQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PAX Anlage AG (LTS:0QQS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.pax.ch

Pax-Anlage AG is mainly engaged in the real estate operations. The Company specializes in the construction and sale of residential property, being mostly tenement blocks; but also invests in capital, financial services, trusts and other sectors.

PAX Anlage AG (LTS:0QQS) Headlines

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