Shoppers Drug Mart (FRA:SDZ) ROCE % : 16.92% (As of Dec. 2013)

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What is Shoppers Drug Mart 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. Shoppers Drug Mart's annualized ROCE % for the quarter that ended in Dec. 2013 was 16.92%.

Shoppers Drug Mart ROCE % Historical Data

The historical data trend for Shoppers Drug Mart'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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Shoppers Drug Mart ROCE % Chart

Shoppers Drug Mart Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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18.94

17.75

16.78

15.24

Shoppers Drug Mart 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															19.25	13.83	16.41	17.48	16.92

Shoppers Drug Mart ROCE % Calculation

Shoppers Drug Mart'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 )
	=	592.173	/	( ( (5752.164 - 1797.542)	+	(5231.807 - 1416.794) )	/ 2 )
	=	592.173	/	( (3954.622	+	3815.013)	/ 2 )
	=	592.173	/	3884.8175
	=	15.24 %

Shoppers Drug Mart'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 )
	=	655.408	/	( ( (5414.127 - 1481.432)	+	(5231.807 - 1416.794) )	/ 2 )
	=	655.408	/	( ( 3932.695	+	3815.013 )	/ 2 )
	=	655.408	/	3873.854
	=	16.92 %

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

Shoppers Drug Mart (FRA:SDZ) 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.

Shoppers Drug Mart ROCE % Related Terms

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Shoppers Drug Mart (FRA:SDZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shoppers Drug Mart Corporation (FRA:SDZ) » Definitions » ROCE %

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Address

Website

http://www.shoppersdrugmart.ca

Shoppers Drug Mart Corporation was founded in 1962. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in QuÃ©bec). The stores are owned and operated by the Company's licensed Associate-owners who have helped build a brand that is synonymous with exceptional service, value and trust. The Company also licenses or owns more than 55 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement SantÃ© in QuÃ©bec) and six luxury beauty destinations operating as Murale. The Company owns and operates 62 Shoppers Home Health Care stores, which are engaged in the sale and service of assisted-living devices, medical equipment, home-care products and durable mobility equipment to institutional and retail customers. In addition to its retail store network, the Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, and MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities.

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