Commonwealth of Australia (ASX:GSBM22.PFD) ROCE % : 0.00% (As of . 20)

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What is Commonwealth of Australia 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. Commonwealth of Australia's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Commonwealth of Australia ROCE % Historical Data

The historical data trend for Commonwealth of Australia'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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Commonwealth of Australia ROCE % Chart

Commonwealth of Australia Annual Data

Trend

ROCE %

Commonwealth of Australia Quarterly Data

ROCE %

Commonwealth of Australia ROCE % Calculation

Commonwealth of Australia's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Commonwealth of Australia's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Commonwealth of Australia (ASX:GSBM22.PFD) 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.

Commonwealth of Australia ROCE % Related Terms

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Commonwealth of Australia (ASX:GSBM22.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commonwealth of Australia (ASX:GSBM22.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Australian Embassy, 1601 Massachusetts Avenue, NW, Washington, DC, USA, 20036

Website

Commonwealth of Australia operates as a close end fund company.

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