Sky Deutschland AG (LTS:0QXE) ROCE % : -8.10% (As of Dec. 2013)

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What is Sky Deutschland 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. Sky Deutschland AG's annualized ROCE % for the quarter that ended in Dec. 2013 was -8.10%.

Sky Deutschland AG ROCE % Historical Data

The historical data trend for Sky Deutschland 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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Sky Deutschland AG ROCE % Chart

Sky Deutschland AG Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-83.67

-49.75

-30.92

-23.70

-8.10

Sky Deutschland AG Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
ROCE %	Get a 7-Day Free Trial					-83.67	-49.75	-30.92	-23.70	-8.10

Sky Deutschland AG ROCE % Calculation

Sky Deutschland AG'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 )
	=	-53.528	/	( ( (1147.968 - 802.789)	+	(1386.917 - 410.386) )	/ 2 )
	=	-53.528	/	( (345.179	+	976.531)	/ 2 )
	=	-53.528	/	660.855
	=	-8.10 %

Sky Deutschland AG'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: Dec. 2012 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Dec. 2012 )		(Q: Dec. 2013 )
	=	-53.528	/	( ( (1147.968 - 802.789)	+	(1386.917 - 410.386) )	/ 2 )
	=	-53.528	/	( ( 345.179	+	976.531 )	/ 2 )
	=	-53.528	/	660.855
	=	-8.10 %

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

Sky Deutschland AG (LTS:0QXE) 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.

Sky Deutschland AG ROCE % Related Terms

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Sky Deutschland AG (LTS:0QXE) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sky Deutschland AG (LTS:0QXE) » Definitions » ROCE %

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Address

Website

http://www.info.sky.de

Sky Deutschland AG is a Germany-based holding company established in 2002. The Company along with its subsidiaries operates a pay-TV business in Germany and Austria under the Sky trademark. The Company's package includes: Sky Welt Package, FuÃŸball Bundesliga Package, Premium Bundesliga HD channels, Sport Package, Premium Sport HD Channels, Film Package and Premium Film HD Channels. The Company is also engaged in the purchase, sale and distribution of rights to ï¬lms, series and TV productions, the acquisition, sale and distribution of broadcasting rights for public events, the arrangement of program magazine subscriptions, and other activities associated with the operation of the pay-TV business. The Company's services includes: Sky Go, Sky+, Sky Anytime, and Sky Home. Its offers channels of various genres, which includes; Sky Sports News HD, Sky Cinema HD, Sky Atlantic HD, Sky Sport HD, Sky Bundesliga and Sky Select HD. The Company competes with platform operators offering both pay-TV packages and VoD services. It also competes with over-the-top players who provide video-on-demand and subscription-video-on-demand entertainment via the Internet.

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