Progressive Waste Solutions (TSX:BIN) ROCE % : 0.86% (As of Mar. 2016)

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What is Progressive Waste Solutions 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. Progressive Waste Solutions's annualized ROCE % for the quarter that ended in Mar. 2016 was 0.86%.

Progressive Waste Solutions ROCE % Historical Data

The historical data trend for Progressive Waste Solutions'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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Progressive Waste Solutions ROCE % Chart

Progressive Waste Solutions Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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-2.89

7.25

7.85

7.54

7.77

Progressive Waste Solutions Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
ROCE %	Get a 7-Day Free Trial															5.43	7.79	5.96	10.52	0.86

Progressive Waste Solutions ROCE % Calculation

Progressive Waste Solutions's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	293.476	/	( ( (3893.706 - 381.056)	+	(4449.744 - 411.592) )	/ 2 )
	=	293.476	/	( (3512.65	+	4038.152)	/ 2 )
	=	293.476	/	3775.401
	=	7.77 %

Progressive Waste Solutions's ROCE % of for the quarter that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	34.556	/	( ( (4449.744 - 411.592)	+	(4374.998 - 417.993) )	/ 2 )
	=	34.556	/	( ( 4038.152	+	3957.005 )	/ 2 )
	=	34.556	/	3997.5785
	=	0.86 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

Progressive Waste Solutions (TSX:BIN) 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.

Progressive Waste Solutions ROCE % Related Terms

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Progressive Waste Solutions (TSX:BIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Progressive Waste Solutions Ltd (TSX:BIN) » Definitions » ROCE %

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Address

Website

http://www.progressivewaste.com

Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.

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