Codemedia (WAR:COD) ROCE % : 23.77% (As of Dec. 2012)

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What is Codemedia 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. Codemedia's annualized ROCE % for the quarter that ended in Dec. 2012 was 23.77%.

Codemedia ROCE % Historical Data

The historical data trend for Codemedia'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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Codemedia ROCE % Chart

Codemedia Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

ROCE %

112.80

165.48

24.46

23.77

Codemedia Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12
ROCE %	112.80	165.48	24.46	23.77

Codemedia ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	4.647	/	( ( (29.863 - 10.012)	+	(42.218 - 22.975) )	/ 2 )
	=	4.647	/	( (19.851	+	19.243)	/ 2 )
	=	4.647	/	19.547
	=	23.77 %

Codemedia'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: Dec. 2011 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	4.647	/	( ( (29.863 - 10.012)	+	(42.218 - 22.975) )	/ 2 )
	=	4.647	/	( ( 19.851	+	19.243 )	/ 2 )
	=	4.647	/	19.547
	=	23.77 %

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

Codemedia (WAR:COD) 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.

Codemedia ROCE % Related Terms

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Codemedia (WAR:COD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Codemedia SA (WAR:COD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.codemedia.eu

Codemedia SA a media agency offering services in the field of communication and the internet and type of direct response solutions.

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