Compu Clearing Outsourcing (JSE:CCL) ROCE % : 30.74% (As of Dec. 2014)

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What is Compu Clearing Outsourcing 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. Compu Clearing Outsourcing's annualized ROCE % for the quarter that ended in Dec. 2014 was 30.74%.

Compu Clearing Outsourcing ROCE % Historical Data

The historical data trend for Compu Clearing Outsourcing'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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Compu Clearing Outsourcing ROCE % Chart

Compu Clearing Outsourcing Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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24.05

23.95

28.70

25.80

30.61

Compu Clearing Outsourcing Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
ROCE %	Get a 7-Day Free Trial								27.79	24.31	33.38	31.80	30.74

Compu Clearing Outsourcing ROCE % Calculation

Compu Clearing Outsourcing's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	17.48	/	( ( (61.425 - 5.476)	+	(66.281 - 8.018) )	/ 2 )
	=	17.48	/	( (55.949	+	58.263)	/ 2 )
	=	17.48	/	57.106
	=	30.61 %

Compu Clearing Outsourcing's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	16.96	/	( ( (66.281 - 8.018)	+	(57.034 - 4.956) )	/ 2 )
	=	16.96	/	( ( 58.263	+	52.078 )	/ 2 )
	=	16.96	/	55.1705
	=	30.74 %

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

Compu Clearing Outsourcing (JSE:CCL) 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.

Compu Clearing Outsourcing ROCE % Related Terms

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