Creative Antibiotics AB (OSTO:CAS) ROCE % : -118.33% (As of Mar. 2013)

View and export this data going back to . Start your Free Trial

What is Creative Antibiotics AB 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. Creative Antibiotics AB's annualized ROCE % for the quarter that ended in Mar. 2013 was -118.33%.

Creative Antibiotics AB ROCE % Historical Data

The historical data trend for Creative Antibiotics AB'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.

Creative Antibiotics AB ROCE % Chart

Creative Antibiotics AB Annual Data

Trend

Jun08

Jun09

Jun10

Dec11

ROCE %

-34.23

-61.09

-41.23

-40.00

Creative Antibiotics AB Quarterly Data
	Jun08	Mar09	Jun09	Sep09	Dec09	Mar10	Sep10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Mar13
ROCE %	Get a 7-Day Free Trial										-73.33	-85.95	-120.40	-74.08	-118.33

Creative Antibiotics AB ROCE % Calculation

Creative Antibiotics AB's annualized ROCE % for the fiscal year that ended in Dec. 2011 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2011 )		(A: Jun. 2010 )		(A: Dec. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2011 )		(A: Jun. 2010 )		(A: Dec. 2011 )
	=	-13.724	/	( ( (44.96 - 2.063)	+	(29.151 - 3.422) )	/ 2 )
	=	-13.724	/	( (42.897	+	25.729)	/ 2 )
	=	-13.724	/	34.313
	=	-40.00 %

Creative Antibiotics AB's ROCE % of for the quarter that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2013 )		(Q: Sep. 2012 )		(Q: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2013 )		(Q: Sep. 2012 )		(Q: Mar. 2013 )
	=	-11.524	/	( ( (15.535 - 2.689)	+	(9.908 - 3.277) )	/ 2 )
	=	-11.524	/	( ( 12.846	+	6.631 )	/ 2 )
	=	-11.524	/	9.7385
	=	-118.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2013) EBIT data.

Creative Antibiotics AB (OSTO:CAS) 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.

Creative Antibiotics AB ROCE % Related Terms

Thank you for viewing the detailed overview of Creative Antibiotics AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.