China Runji Cement (China Runji Cement) ROCE % : 30.88% (As of Feb. 2011)

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What is China Runji Cement 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 Runji Cement's annualized ROCE % for the quarter that ended in Feb. 2011 was 30.88%.

China Runji Cement ROCE % Historical Data

The historical data trend for China Runji Cement'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 Runji Cement ROCE % Chart

China Runji Cement Annual Data

Trend

Jan06

Jan07

Aug08

Aug09

Aug10

ROCE %

-440.00

31.44

12.02

6.24

China Runji Cement Quarterly Data
	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11
ROCE %	Get a 7-Day Free Trial															6.14	-5.08	-5.39	85.69	30.88

China Runji Cement ROCE % Calculation

China Runji Cement's annualized ROCE % for the fiscal year that ended in Aug. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2010 )		(A: Aug. 2009 )		(A: Aug. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2010 )		(A: Aug. 2009 )		(A: Aug. 2010 )
	=	1.554	/	( ( (77.071 - 52.297)	+	(74.777 - 49.733) )	/ 2 )
	=	1.554	/	( (24.774	+	25.044)	/ 2 )
	=	1.554	/	24.909
	=	6.24 %

China Runji Cement's ROCE % of for the quarter that ended in Feb. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2011 )		(Q: Nov. 2010 )		(Q: Feb. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2011 )		(Q: Nov. 2010 )		(Q: Feb. 2011 )
	=	9.908	/	( ( (85.11 - 55.335)	+	(81.048 - 46.645) )	/ 2 )
	=	9.908	/	( ( 29.775	+	34.403 )	/ 2 )
	=	9.908	/	32.089
	=	30.88 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2011) EBIT data.

China Runji Cement (GREY:CRJI) 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 Runji Cement ROCE % Related Terms

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China Runji Cement (China Runji Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Runji Cement Inc (GREY:CRJI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xianzong town, Hanshan county, Chaohu, Anhui, CHN

Website

China Runji Cement Inc through its subsidiary is engaged in the production and sale of cement in mainland China.

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