Chemoil Energy (FRA:LHT) ROCE % : 5.78% (As of Dec. 2013)

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What is Chemoil Energy 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. Chemoil Energy's annualized ROCE % for the quarter that ended in Dec. 2013 was 5.78%.

Chemoil Energy ROCE % Historical Data

The historical data trend for Chemoil Energy'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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Chemoil Energy ROCE % Chart

Chemoil Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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9.53

1.99

15.89

-2.60

10.40

Chemoil Energy Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
ROCE %	Get a 7-Day Free Trial															-30.50	10.76	16.25	10.91	5.78

Chemoil Energy ROCE % Calculation

Chemoil Energy'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 )
	=	44.964	/	( ( (1664.376 - 1243.388)	+	(1764.887 - 1321.478) )	/ 2 )
	=	44.964	/	( (420.988	+	443.409)	/ 2 )
	=	44.964	/	432.1985
	=	10.40 %

Chemoil Energy's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	24.956	/	( ( (1949.477 - 1530.019)	+	(1764.887 - 1321.478) )	/ 2 )
	=	24.956	/	( ( 419.458	+	443.409 )	/ 2 )
	=	24.956	/	431.4335
	=	5.78 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

Chemoil Energy (FRA:LHT) 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.

Chemoil Energy ROCE % Related Terms

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Chemoil Energy (FRA:LHT) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chemoil Energy Ltd (FRA:LHT) » Definitions » ROCE %

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Address

Website

http://www.chemoil.com

The Joint Corp develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company has two operating business segments. The Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics. The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The Joint generates most of its revenues from its Franchise operations segment.

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