CanBancome (CanBancome) ROCE % : -7.38% (As of Jun. 2015)

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What is CanBancome 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. CanBancome's annualized ROCE % for the quarter that ended in Jun. 2015 was -7.38%.

CanBancome ROCE % Historical Data

The historical data trend for CanBancome'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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CanBancome ROCE % Chart

CanBancome Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

2.74

2.85

2.53

8.30

CanBancome Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial					1.18	29.01	11.88	5.69	-7.38

CanBancome ROCE % Calculation

CanBancome'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 )
	=	14.744	/	( ( (205.151 - 4.454)	+	(157.313 - 2.724) )	/ 2 )
	=	14.744	/	( (200.697	+	154.589)	/ 2 )
	=	14.744	/	177.643
	=	8.30 %

CanBancome'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: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	-10.092	/	( ( (157.313 - 2.724)	+	(121.298 - 2.27) )	/ 2 )
	=	-10.092	/	( ( 154.589	+	119.028 )	/ 2 )
	=	-10.092	/	136.8085
	=	-7.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

CanBancome (OTCPK:CKNBF) 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.

CanBancome ROCE % Related Terms

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CanBancome (CanBancome) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CanBanc Income Corp (OTCPK:CKNBF) » Definitions » ROCE %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

Website

http://www.firstasset.com

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