CMA (ASX:CMV) ROCE % : -135.00% (As of Jun. 2012)

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What is CMA 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. CMA's annualized ROCE % for the quarter that ended in Jun. 2012 was -135.00%.

CMA ROCE % Historical Data

The historical data trend for CMA'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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CMA ROCE % Chart

CMA Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

ROCE %

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18.42

-29.34

-21.36

-48.30

-135.00

CMA Semi-Annual Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12
ROCE %	Get a 7-Day Free Trial			18.42	-29.34	-21.36	-48.30	-135.00

CMA ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	-43.194	/	( ( (207.435 - 182.594)	+	(153.898 - 114.748) )	/ 2 )
	=	-43.194	/	( (24.841	+	39.15)	/ 2 )
	=	-43.194	/	31.9955
	=	-135.00 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2012 )		(Q: Jun. 2011 )		(Q: Jun. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2012 )		(Q: Jun. 2011 )		(Q: Jun. 2012 )
	=	-43.194	/	( ( (207.435 - 182.594)	+	(153.898 - 114.748) )	/ 2 )
	=	-43.194	/	( ( 24.841	+	39.15 )	/ 2 )
	=	-43.194	/	31.9955
	=	-135.00 %

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

CMA (ASX:CMV) 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.

CMA ROCE % Related Terms

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CMA (ASX:CMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » CMA Corp Ltd (ASX:CMV) » Definitions » ROCE %

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Address

Website

http://www.cmacorp.net

CMA Corp Ltd is an integrated recycling group that provides products and services through a network of over 31 modern recycling facilities in Australia, Asia and North America. The group's major activities are the processing and recycling of predominantly secondary ferrous and non-ferrous metal products. The company also provides end-to-end recycling solutions.

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