Corporate Resource Services (FRA:HTS1) ROCE % : 55.15% (As of Sep. 2014)

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What is Corporate Resource Services 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. Corporate Resource Services's annualized ROCE % for the quarter that ended in Sep. 2014 was 55.15%.

Corporate Resource Services ROCE % Historical Data

The historical data trend for Corporate Resource Services'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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Corporate Resource Services ROCE % Chart

Corporate Resource Services Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep08

Sep09

Sep10

Sep11

Sep12

Dec13

ROCE %

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-11.87

68.99

50.47

13.25

29.00

Corporate Resource Services Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial															46.79	20.22	-11.13	21.50	55.15

Corporate Resource Services ROCE % Calculation

Corporate Resource Services'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: Sep. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Sep. 2012 )		(A: Dec. 2013 )
	=	6.955	/	( ( (37.128 - 23.815)	+	(104.482 - 69.826) )	/ 2 )
	=	6.955	/	( (13.313	+	34.656)	/ 2 )
	=	6.955	/	23.9845
	=	29.00 %

Corporate Resource Services's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	21.928	/	( ( (128.456 - 90.924)	+	(142.693 - 100.709) )	/ 2 )
	=	21.928	/	( ( 37.532	+	41.984 )	/ 2 )
	=	21.928	/	39.758
	=	55.15 %

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

Corporate Resource Services (FRA:HTS1) 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.

Corporate Resource Services ROCE % Related Terms

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Corporate Resource Services (FRA:HTS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Corporate Resource Services Inc (FRA:HTS1) » Definitions » ROCE %

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Address

160 Broadway, 13th Floor, New York, NY, USA, 10038

Website

http://www.crsco.com

Corporate Resource Services Inc provides diversified technology staffing, recruiting and consulting services. It offers trained employees for Insurance, IT, Accounting, Science, Healthcare, Creative Services, Hospitality, Retail and Light Industrial Work.

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