CHRONICLE (TSE:9822) ROCE % : -36.33% (As of Dec. 2012)

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What is CHRONICLE 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. CHRONICLE's annualized ROCE % for the quarter that ended in Dec. 2012 was -36.33%.

CHRONICLE ROCE % Historical Data

The historical data trend for CHRONICLE'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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CHRONICLE ROCE % Chart

CHRONICLE Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

ROCE %

-15.50

-34.31

-15.87

-32.14

-85.12

CHRONICLE Quarterly Data
	Dec08	Mar09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
ROCE %	Get a 7-Day Free Trial											-25.51	-18.42	-16.08	-281.89	-36.33

CHRONICLE ROCE % Calculation

CHRONICLE's annualized ROCE % for the fiscal year that ended in Sep. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2012 )		(A: Sep. 2011 )		(A: Sep. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2012 )		(A: Sep. 2011 )		(A: Sep. 2012 )
	=	-2244.084	/	( ( (3960.289 - 266.582)	+	(1872.241 - 293.058) )	/ 2 )
	=	-2244.084	/	( (3693.707	+	1579.183)	/ 2 )
	=	-2244.084	/	2636.445
	=	-85.12 %

CHRONICLE's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	-345.452	/	( ( (1872.241 - 293.058)	+	(774.269 - 451.565) )	/ 2 )
	=	-345.452	/	( ( 1579.183	+	322.704 )	/ 2 )
	=	-345.452	/	950.9435
	=	-36.33 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

CHRONICLE (TSE:9822) 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.

CHRONICLE ROCE % Related Terms

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CHRONICLE (TSE:9822) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CHRONICLE Corporation (TSE:9822) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Website

http://www.chronicle-net.com

Chronicle Corporation is engaged in the jewelry business in Japan. The company has five business segments: Jewelry, Investment, WEB Information, Recycle, and Distribution Service-Related.

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