M&G Poliester (BSP:RHDS3) ROCE % : 8.95% (As of Jun. 2014)

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What is M&G Poliester 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. M&G Poliester's annualized ROCE % for the quarter that ended in Jun. 2014 was 8.95%.

M&G Poliester ROCE % Historical Data

The historical data trend for M&G Poliester'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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M&G Poliester ROCE % Chart

M&G Poliester Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-3.07

8.41

3.84

10.34

14.20

M&G Poliester Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
ROCE %	Get a 7-Day Free Trial										5.26	14.06	39.99	0.98	8.95

M&G Poliester ROCE % Calculation

M&G Poliester'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 )
	=	101.356	/	( ( (1667.144 - 852.374)	+	(1306.135 - 693.606) )	/ 2 )
	=	101.356	/	( (814.77	+	612.529)	/ 2 )
	=	101.356	/	713.6495
	=	14.20 %

M&G Poliester's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	53.432	/	( ( (1228.178 - 627.57)	+	(1117.371 - 524.239) )	/ 2 )
	=	53.432	/	( ( 600.608	+	593.132 )	/ 2 )
	=	53.432	/	596.87
	=	8.95 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

M&G Poliester (BSP:RHDS3) 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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M&G Poliester (BSP:RHDS3) Business Description

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