China Fishery Group (China Fishery Group) ROCE % : 2.33% (As of Jun. 2015)

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What is China Fishery Group 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. China Fishery Group's annualized ROCE % for the quarter that ended in Jun. 2015 was 2.33%.

China Fishery Group ROCE % Historical Data

The historical data trend for China Fishery Group'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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China Fishery Group ROCE % Chart

China Fishery Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

ROCE %

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17.44

13.03

8.56

6.87

6.71

China Fishery Group 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															7.37	4.95	4.59	4.04	2.33

China Fishery Group ROCE % Calculation

China Fishery Group's annualized ROCE % for the fiscal year that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	155.667	/	( ( (2768.392 - 579.838)	+	(2807.61 - 357.738) )	/ 2 )
	=	155.667	/	( (2188.554	+	2449.872)	/ 2 )
	=	155.667	/	2319.213
	=	6.71 %

China Fishery Group'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 )
	=	55.172	/	( ( (2602.485 - 194.912)	+	(2652.778 - 329.503) )	/ 2 )
	=	55.172	/	( ( 2407.573	+	2323.275 )	/ 2 )
	=	55.172	/	2365.424
	=	2.33 %

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

China Fishery Group (OTCPK:CIFHY) 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.

China Fishery Group ROCE % Related Terms

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China Fishery Group (China Fishery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Fishery Group Ltd (OTCPK:CIFHY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.chinafisherygroup.com

China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.

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