Net Servicos De Comunicacao (BSP:NETC3) ROCE % : 12.66% (As of Dec. 2013)

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What is Net Servicos De Comunicacao 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. Net Servicos De Comunicacao's annualized ROCE % for the quarter that ended in Dec. 2013 was 12.66%.

Net Servicos De Comunicacao ROCE % Historical Data

The historical data trend for Net Servicos De Comunicacao'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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Net Servicos De Comunicacao ROCE % Chart

Net Servicos De Comunicacao Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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11.32

11.43

14.74

13.25

12.66

Net Servicos De Comunicacao Semi-Annual Data
	Dec96	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
ROCE %	Get a 7-Day Free Trial													11.32	11.43	14.74	13.25	12.66

Net Servicos De Comunicacao ROCE % Calculation

Net Servicos De Comunicacao's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	1010.917	/	( ( (9759.18 - 2619.751)	+	(12826.492 - 3998.354) )	/ 2 )
	=	1010.917	/	( (7139.429	+	8828.138)	/ 2 )
	=	1010.917	/	7983.7835
	=	12.66 %

Net Servicos De Comunicacao's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Dec. 2012 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Dec. 2012 )		(Q: Dec. 2013 )
	=	1010.917	/	( ( (9759.18 - 2619.751)	+	(12826.492 - 3998.354) )	/ 2 )
	=	1010.917	/	( ( 7139.429	+	8828.138 )	/ 2 )
	=	1010.917	/	7983.7835
	=	12.66 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2013) EBIT data.

Net Servicos De Comunicacao (BSP:NETC3) 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.

Net Servicos De Comunicacao ROCE % Related Terms

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Net Servicos De Comunicacao (BSP:NETC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Net Servicos De Comunicacao SA (BSP:NETC3) » Definitions » ROCE %

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Address

Website

http://www.ri.netservicos.com.br

Net Servicos de Comunicacao SA through its holdings provides pay-television and pay-per-view programming, digital cable, high-definition cable television with digital video recorder, broadband Internet service & fixed line telephony service.

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