GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Cosmos Bottling Corp (PHS:CBC) » Definitions » ROCE %

Cosmos Bottling (PHS:CBC) ROCE % : 14.19% (As of Sep. 2012)


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

What is Cosmos Bottling 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. Cosmos Bottling's annualized ROCE % for the quarter that ended in Sep. 2012 was 14.19%.

Cosmos Bottling ROCE % Historical Data

The historical data trend for Cosmos Bottling'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.

Cosmos Bottling ROCE % Chart

Cosmos Bottling Annual Data
Trend Dec10 Dec11
ROCE %
12.35 18.07

Cosmos Bottling Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
ROCE % Get a 7-Day Free Trial 20.39 15.02 30.04 8.36 14.19

Cosmos Bottling ROCE % Calculation

Cosmos Bottling'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: Dec. 2010 )(A: Dec. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=299.534/( ( (3207.899 - 1711.415) + (3406.679 - 1587.735) )/ 2 )
=299.534/( (1496.484+1818.944)/ 2 )
=299.534/1657.714
=18.07 %

Cosmos Bottling'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: Jun. 2012 )(Q: Sep. 2012 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2012 )  (Q: Jun. 2012 )(Q: Sep. 2012 )
=296.944/( ( (4725.399 - 2697.168) + (5175.317 - 3018.717) )/ 2 )
=296.944/( ( 2028.231 + 2156.6 )/ 2 )
=296.944/2092.4155
=14.19 %

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

Cosmos Bottling  (PHS:CBC) 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.

Cosmos Bottling ROCE % Related Terms

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

Cosmos Bottling (PHS:CBC) Headlines

No Headlines