Chemrez Technologies (PHS:COAT) ROCE % : 10.57% (As of Dec. 2011)

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What is Chemrez Technologies 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. Chemrez Technologies's annualized ROCE % for the quarter that ended in Dec. 2011 was 10.57%.

Chemrez Technologies ROCE % Historical Data

The historical data trend for Chemrez Technologies'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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Chemrez Technologies ROCE % Chart

Chemrez Technologies Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

ROCE %

13.97

17.28

16.80

10.57

Chemrez Technologies Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11
ROCE %	-	13.97	17.28	16.80	10.57

Chemrez Technologies ROCE % Calculation

Chemrez Technologies'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 )
	=	414.084	/	( ( (4489.478 - 630.328)	+	(4810.319 - 837.965) )	/ 2 )
	=	414.084	/	( (3859.15	+	3972.354)	/ 2 )
	=	414.084	/	3915.752
	=	10.57 %

Chemrez Technologies's ROCE % of for the quarter that ended in Dec. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2011 )		(Q: Dec. 2010 )		(Q: Dec. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2011 )		(Q: Dec. 2010 )		(Q: Dec. 2011 )
	=	414.084	/	( ( (4489.478 - 630.328)	+	(4810.319 - 837.965) )	/ 2 )
	=	414.084	/	( ( 3859.15	+	3972.354 )	/ 2 )
	=	414.084	/	3915.752
	=	10.57 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2011) EBIT data.

Chemrez Technologies (PHS:COAT) 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.

Chemrez Technologies ROCE % Related Terms

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Chemrez Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chemrez Technologies Inc (PHS:COAT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Website

http://www.chemrez.com

Chemrez Technologies, Inc. is a manufacturer of resins, oleochemicals, and specialty products with an excellent reputation in the Philippines and Asia.

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