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Zintel Group Limited (NZSE:ZIN) ROCE % : 4.43% (As of Sep. 2012)


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What is Zintel Group Limited 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. Zintel Group Limited's annualized ROCE % for the quarter that ended in Sep. 2012 was 4.43%.

Zintel Group Limited ROCE % Historical Data

The historical data trend for Zintel Group Limited'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.

* Premium members only.

Zintel Group Limited ROCE % Chart

Zintel Group Limited Annual Data
Trend Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12
ROCE %
Get a 7-Day Free Trial 29.52 26.87 1.18 5.73 -7.90

Zintel Group Limited Semi-Annual Data
Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.57 13.71 5.74 -19.95 4.43

Zintel Group Limited ROCE % Calculation

Zintel Group Limited's annualized ROCE % for the fiscal year that ended in Mar. 2012 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2012 )  (A: Mar. 2011 )(A: Mar. 2012 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2012 )  (A: Mar. 2011 )(A: Mar. 2012 )
=-1.191/( ( (23.326 - 11.574) + (32.314 - 13.909) )/ 2 )
=-1.191/( (11.752+18.405)/ 2 )
=-1.191/15.0785
=-7.90 %

Zintel Group Limited's ROCE % of for the quarter that ended in Sep. 2012 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2012 )  (Q: Mar. 2012 )(Q: Sep. 2012 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2012 )  (Q: Mar. 2012 )(Q: Sep. 2012 )
=0.896/( ( (32.314 - 13.909) + (22.731 - 0.724) )/ 2 )
=0.896/( ( 18.405 + 22.007 )/ 2 )
=0.896/20.206
=4.43 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2012) EBIT data.

* 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.

Zintel Group Limited  (NZSE:ZIN) 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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