Mitchell Communication Group Limited (ASX:MCU) ROCE % : 0.00% (As of . 20)

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What is Mitchell Communication Group Limited 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. Mitchell Communication Group Limited's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Mitchell Communication Group Limited ROCE % Historical Data

The historical data trend for Mitchell Communication Group Limited'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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Mitchell Communication Group Limited ROCE % Chart

Mitchell Communication Group Limited Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

ROCE %

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25.05

20.04

16.79

13.20

12.29

Mitchell Communication Group Limited Quarterly Data

ROCE %

Mitchell Communication Group Limited ROCE % Calculation

Mitchell Communication Group Limited's annualized ROCE % for the fiscal year that ended in Jun. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	29.394	/	( ( (441.007 - 212.812)	+	(522.396 - 272.185) )	/ 2 )
	=	29.394	/	( (228.195	+	250.211)	/ 2 )
	=	29.394	/	239.203
	=	12.29 %

Mitchell Communication Group Limited'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.

Mitchell Communication Group Limited (ASX:MCU) 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.

Mitchell Communication Group Limited ROCE % Related Terms

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Mitchell Communication Group Limited (ASX:MCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mitchell Communication Group Limited (ASX:MCU) » Definitions » ROCE %

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Website

http://www.mitchells.com.au

Mitchell Communication Services (MCU, formerly emitch Limited) is Australia's largest independently owned communications group, a media and buying agency, in Australia and New Zealand.

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