VK Muehlen AG (FRA:VKL) ROCE % : 1.11% (As of Mar. 2014)

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What is VK Muehlen 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. VK Muehlen AG's annualized ROCE % for the quarter that ended in Mar. 2014 was 1.11%.

VK Muehlen AG ROCE % Historical Data

The historical data trend for VK Muehlen 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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VK Muehlen AG ROCE % Chart

VK Muehlen AG Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

ROCE %

13.71

-5.44

-9.80

0.15

-0.50

VK Muehlen AG Semi-Annual Data
	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14
ROCE %	Get a 7-Day Free Trial				0.15	0.17	-1.64	0.89	1.11

VK Muehlen AG ROCE % Calculation

VK Muehlen AG's annualized ROCE % for the fiscal year that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	-0.986	/	( ( (299.489 - 72.452)	+	(266.03 - 102.333) )	/ 2 )
	=	-0.986	/	( (227.037	+	163.697)	/ 2 )
	=	-0.986	/	195.367
	=	-0.50 %

VK Muehlen AG's ROCE % of for the quarter that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2014 )		(Q: Sep. 2013 )		(Q: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2014 )		(Q: Sep. 2013 )		(Q: Mar. 2014 )
	=	1.882	/	( ( (266.03 - 102.333)	+	(265.081 - 88.598) )	/ 2 )
	=	1.882	/	( ( 163.697	+	176.483 )	/ 2 )
	=	1.882	/	170.09
	=	1.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2014) EBIT data.

VK Muehlen AG (FRA:VKL) 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.

VK Muehlen AG ROCE % Related Terms

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VK Muehlen AG (FRA:VKL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vkmuehlen.de

VK Muehlen AG is engaged in the development and production of grain and cereal meals products.

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