Cullinan Holdings (JSE:CULP.PFD) ROCE % : 3.39% (As of Sep. 2017)

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What is Cullinan Holdings 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. Cullinan Holdings's annualized ROCE % for the quarter that ended in Sep. 2017 was 3.39%.

Cullinan Holdings ROCE % Historical Data

The historical data trend for Cullinan Holdings'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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Cullinan Holdings ROCE % Chart

Cullinan Holdings Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

ROCE %

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24.15

27.26

17.62

12.02

14.41

Cullinan Holdings Semi-Annual Data
	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17
ROCE %	Get a 7-Day Free Trial															9.07	25.96	-1.53	26.14	3.39

Cullinan Holdings ROCE % Calculation

Cullinan Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2017 )		(A: Sep. 2016 )		(A: Sep. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2017 )		(A: Sep. 2016 )		(A: Sep. 2017 )
	=	86.39	/	( ( (1138.072 - 581.128)	+	(1302.05 - 659.651) )	/ 2 )
	=	86.39	/	( (556.944	+	642.399)	/ 2 )
	=	86.39	/	599.6715
	=	14.41 %

Cullinan Holdings's ROCE % of for the quarter that ended in Sep. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2017 )		(Q: Mar. 2017 )		(Q: Sep. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2017 )		(Q: Mar. 2017 )		(Q: Sep. 2017 )
	=	21.13	/	( ( (1194.769 - 591.493)	+	(1302.05 - 659.651) )	/ 2 )
	=	21.13	/	( ( 603.276	+	642.399 )	/ 2 )
	=	21.13	/	622.8375
	=	3.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2017) EBIT data.

Cullinan Holdings (JSE:CULP.PFD) 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.

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Cullinan Holdings (JSE:CULP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cullinan Holdings Ltd (JSE:CULP.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.cullinan.co.za

Cullinan Holdings Ltd is engaged in leisure business sector. The business of the company operates in segments that include Marine and Boating; which supplies marine and boating equipment to boat builders and wholesalers; Travel and Tourism, which provides outbound tours, inbound tours, and coaching and touring; Financial Services, which provides bridging finance primarily on property transfers, marine finance aimed at boat building; and Corporate Services, which focus on projects to support community development. The Travel and Tourism business segment generates maximum revenue for the company.

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