MISTRAL Media AG (FRA:SPZI) ROCE % : -263.48% (As of Dec. 2015)

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What is MISTRAL Media 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. MISTRAL Media AG's annualized ROCE % for the quarter that ended in Dec. 2015 was -263.48%.

MISTRAL Media AG ROCE % Historical Data

The historical data trend for MISTRAL Media 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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MISTRAL Media AG ROCE % Chart

MISTRAL Media AG Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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-84.21

-467.93

440.00

-259.57

-159.41

MISTRAL Media AG Semi-Annual Data
	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
ROCE %	Get a 7-Day Free Trial												947.00	-181.51	-538.57	-104.92	-263.48

MISTRAL Media AG ROCE % Calculation

MISTRAL Media AG's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-0.699	/	( ( (3.445 - 3.068)	+	(4.443 - 3.943) )	/ 2 )
	=	-0.699	/	( (0.377	+	0.5)	/ 2 )
	=	-0.699	/	0.4385
	=	-159.41 %

MISTRAL Media AG's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Jun. 2015 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Jun. 2015 )		(Q: Dec. 2015 )
	=	-1.046	/	( ( (3.605 - 3.311)	+	(4.443 - 3.943) )	/ 2 )
	=	-1.046	/	( ( 0.294	+	0.5 )	/ 2 )
	=	-1.046	/	0.397
	=	-263.48 %

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

MISTRAL Media AG (FRA:SPZI) 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.

MISTRAL Media AG ROCE % Related Terms

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