Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) ROCE % : 0.00% (As of Jun. 2009)

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What is Changming Industrial Management Group Holding 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. Changming Industrial Management Group Holding's annualized ROCE % for the quarter that ended in Jun. 2009 was 0.00%.

Changming Industrial Management Group Holding ROCE % Historical Data

The historical data trend for Changming Industrial Management Group Holding'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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Changming Industrial Management Group Holding ROCE % Chart

Changming Industrial Management Group Holding Annual Data

Trend

May07

May08

ROCE %

Changming Industrial Management Group Holding Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Sep08	Dec08	Mar09	Jun09
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Changming Industrial Management Group Holding ROCE % Calculation

Changming Industrial Management Group Holding's annualized ROCE % for the fiscal year that ended in May. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2008 )		(A: May. 2007 )		(A: May. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2008 )		(A: May. 2007 )		(A: May. 2008 )
	=	-0.02	/	( ( (0.003 - 0.003)	+	(0 - 0.018) )	/ 1 )
	=	-0.02	/	( (0	+	-0.018)	/ 1 )
	=	-0.02	/	-0.018
	=	111.11 %

Changming Industrial Management Group Holding's ROCE % of for the quarter that ended in Jun. 2009 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2009 )		(Q: Mar. 2009 )		(Q: Jun. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2009 )		(Q: Mar. 2009 )		(Q: Jun. 2009 )
	=	1.156	/	( ( (1.068 - 6.002)	+	(1.478 - 6.041) )	/ 2 )
	=	1.156	/	( ( -4.934	+	-4.563 )	/ 2 )
	=	1.156	/	-4.7485
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2009) EBIT data.

Changming Industrial Management Group Holding (OTCPK:CMIM) 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.

Changming Industrial Management Group Holding ROCE % Related Terms

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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Changming Industrial Management Group Holding Inc (OTCPK:CMIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.sxcmky.com

Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

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