Subaye (Subaye) ROCE % : -96.08% (As of Sep. 2010)

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What is Subaye 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. Subaye's annualized ROCE % for the quarter that ended in Sep. 2010 was -96.08%.

Subaye ROCE % Historical Data

The historical data trend for Subaye'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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Subaye ROCE % Chart

Subaye Annual Data

Trend

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

ROCE %

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6.76

-21.17

17.92

20.76

-3.41

Subaye Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
ROCE %	Get a 7-Day Free Trial															23.43	28.98	24.30	25.60	-96.08

Subaye ROCE % Calculation

Subaye's annualized ROCE % for the fiscal year that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2010 )		(A: Sep. 2009 )		(A: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2010 )		(A: Sep. 2009 )		(A: Sep. 2010 )
	=	-1.66	/	( ( (56.73 - 5.841)	+	(48.104 - 1.695) )	/ 2 )
	=	-1.66	/	( (50.889	+	46.409)	/ 2 )
	=	-1.66	/	48.649
	=	-3.41 %

Subaye's ROCE % of for the quarter that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	-53.496	/	( ( (70.066 - 5.113)	+	(48.104 - 1.695) )	/ 2 )
	=	-53.496	/	( ( 64.953	+	46.409 )	/ 2 )
	=	-53.496	/	55.681
	=	-96.08 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

Subaye (GREY:SBAY) 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.

Subaye ROCE % Related Terms

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Subaye (Subaye) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Subaye Inc (GREY:SBAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiaoguwei Street, 232 Waihuandong Road, A536-537, 13 Block, Guangzhou, CHN, 510006

Website

http://www.subaye.com

Subaye Inc is a video advertising and entertainment media provider in China.

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