China Specialty Glass AG (FRA:8GS) ROCE %: 21.77% (As of Jun. 2014)


What is China Specialty Glass AG ROCE %?

China Specialty Glass AG FRA:8GS ROCE % is 21.77% as of Jun. 2014.

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 Specialty Glass AG's annualized ROCE % for the quarter that ended in Jun. 2014 was 21.77%.

China Specialty Glass AG  (FRA:8GS) 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 Specialty Glass AG ROCE % Related Terms

China Specialty Glass AG ROCE % Historical Data

* Premium members only.

The historical data trend for China Specialty Glass AG'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.

China Specialty Glass AG ROCE % Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
ROCE %
0.00 35.49 21.15 22.83

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.06 37.24 -12.44 15.98 21.77

China Specialty Glass AG ROCE % Calculation

China Specialty Glass AG's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=38.493/( ( (167.948 - 11.818) + (201.921 - 20.843) )/ 2 )
=38.493/( (156.13+181.078)/ 2 )
=38.493/168.604
=22.83 %

China Specialty Glass AG's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2014 )  (Q: Mar. 2014 )(Q: Jun. 2014 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2014 )  (Q: Mar. 2014 )(Q: Jun. 2014 )
=40.628/( ( (210.864 - 25.094) + (211.142 - 23.62) )/ 2 )
=40.628/( ( 185.77 + 187.522 )/ 2 )
=40.628/186.646
=21.77 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 21.77% mean?
China Specialty Glass AG (FRA:8GS) has a ROCE % of 21.77% as of Jun. 2014.
Is China Specialty Glass AG's ROCE % too high?
China Specialty Glass AG's current ROCE % is 21.77%. The Business Services industry median ROCE % is 8.88. China Specialty Glass AG's value of 21.77% is 145.2% above this industry median.
How does China Specialty Glass AG's ROCE % compare to DTII and VCON?
China Specialty Glass AG's ROCE % of 21.77% can be compared against companies in the Business Services industry. The industry median ROCE % is 8.88. China Specialty Glass AG's value of 21.77% is 145.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Business Services company?
The median ROCE % among Business Services companies is 8.88, based on 1,070 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Specialty Glass AG's current ROCE % of 21.77% is 145.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median ROCE % is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Specialty Glass AG's current ROCE % is 21.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current ROCE % of 21.77%. The current ROCE % is 21.77% and 145.2% above the Business Services industry median of 8.88. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For China Specialty Glass AG (FRA:8GS), the current ROCE % is 21.77% as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.