Bematech (BSP:BEMA3) ROCE % : 6.31% (As of Jun. 2015)

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What is Bematech 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. Bematech's annualized ROCE % for the quarter that ended in Jun. 2015 was 6.31%.

Bematech ROCE % Historical Data

The historical data trend for Bematech'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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Bematech ROCE % Chart

Bematech Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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12.23

19.03

10.56

14.03

13.53

Bematech Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial															15.08	15.50	10.21	8.26	6.31

Bematech ROCE % Calculation

Bematech's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	66.971	/	( ( (500.652 - 68.878)	+	(666.835 - 108.43) )	/ 2 )
	=	66.971	/	( (431.774	+	558.405)	/ 2 )
	=	66.971	/	495.0895
	=	13.53 %

Bematech's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	35.304	/	( ( (674.372 - 112.341)	+	(652.909 - 95.933) )	/ 2 )
	=	35.304	/	( ( 562.031	+	556.976 )	/ 2 )
	=	35.304	/	559.5035
	=	6.31 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

Bematech (BSP:BEMA3) 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.

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Bematech (BSP:BEMA3) Business Description

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Website

http://www.bematech.com.br

Bematech SA was formed on October 1, 1990. It is a Brazilian multinational that provides complete technological solutions for the retail, food service and hospitality industries. It is engaged in manufacture, sale, intermediation of sales, import, export, design, development, representation, distribution and rental of electric, electronic and electromechanical equipment and related parts and components; the development, representation, distribution and rental of software; licensing and assignment of rights to use software programs; sale of supplies for IT equipment; the rendering of technical assistance services, support, training and information technology projects; the franchising of products and services, as well as the investment in other companies as stockholder or quotaholder. The Company's operating segments are subdivided into Hardware, Software and Services.

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