Synaxon AG (FRA:PCS) ROCE % : 1.59% (As of Jun. 2015)

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What is Synaxon 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. Synaxon AG's annualized ROCE % for the quarter that ended in Jun. 2015 was 1.59%.

Synaxon AG ROCE % Historical Data

The historical data trend for Synaxon 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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Synaxon AG ROCE % Chart

Synaxon AG Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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7.97

5.71

1.36

0.03

6.35

Synaxon AG Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial												-3.93	4.02	8.77	3.91	1.59

Synaxon AG ROCE % Calculation

Synaxon AG's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	1.292	/	( ( (25.154 - 5.136)	+	(24.556 - 3.902) )	/ 2 )
	=	1.292	/	( (20.018	+	20.654)	/ 2 )
	=	1.292	/	20.336
	=	6.35 %

Synaxon AG's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	0.308	/	( ( (24.556 - 3.902)	+	(22.484 - 4.31) )	/ 2 )
	=	0.308	/	( ( 20.654	+	18.174 )	/ 2 )
	=	0.308	/	19.414
	=	1.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

Synaxon AG (FRA:PCS) 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.

Synaxon AG ROCE % Related Terms

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Synaxon AG (FRA:PCS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Synaxon AG (FRA:PCS) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Website

http://www.synaxon.de

Synaxon AG is a retailer of personal computers, including desktops, notebooks and netbooks.

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