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

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

China Specialty Glass AG ROCE % Historical Data

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.

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China Specialty Glass AG ROCE % Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

ROCE %

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									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.

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

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China Specialty Glass AG (FRA:8GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

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.

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