Massuh (BUE:MASU6.PFD) ROCE % : -6.95% (As of Jun. 2008)

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What is Massuh 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. Massuh's annualized ROCE % for the quarter that ended in Jun. 2008 was -6.95%.

Massuh ROCE % Historical Data

The historical data trend for Massuh'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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Massuh ROCE % Chart

Massuh Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

ROCE %

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6.57

3.98

2.10

0.77

-6.95

Massuh Semi-Annual Data
	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08
ROCE %	Get a 7-Day Free Trial			6.57	3.98	2.10	0.77	-6.95

Massuh ROCE % Calculation

Massuh's annualized ROCE % for the fiscal year that ended in Jun. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2008 )		(A: Jun. 2007 )		(A: Jun. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2008 )		(A: Jun. 2007 )		(A: Jun. 2008 )
	=	-16.529	/	( ( (455.321 - 141.057)	+	(403.82 - 242.154) )	/ 2 )
	=	-16.529	/	( (314.264	+	161.666)	/ 2 )
	=	-16.529	/	237.965
	=	-6.95 %

Massuh's ROCE % of for the quarter that ended in Jun. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2008 )		(Q: Jun. 2007 )		(Q: Jun. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2008 )		(Q: Jun. 2007 )		(Q: Jun. 2008 )
	=	-16.529	/	( ( (455.321 - 141.057)	+	(403.82 - 242.154) )	/ 2 )
	=	-16.529	/	( ( 314.264	+	161.666 )	/ 2 )
	=	-16.529	/	237.965
	=	-6.95 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2008) EBIT data.

Massuh (BUE:MASU6.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.

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Massuh (BUE:MASU6.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Massuh SA (BUE:MASU6.PFD) » Definitions » ROCE %

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BUE:PREN1 BUE:CELU5

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