Boewe Systec AG (STU:BSY) ROCE % : -13.78% (As of Dec. 2008)

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What is Boewe Systec 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. Boewe Systec AG's annualized ROCE % for the quarter that ended in Dec. 2008 was -13.78%.

Boewe Systec AG ROCE % Historical Data

The historical data trend for Boewe Systec 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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Boewe Systec AG ROCE % Chart

Boewe Systec AG Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

ROCE %

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12.62

13.28

79.08

7.39

-13.78

Boewe Systec AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08
ROCE %	Get a 7-Day Free Trial			12.62	13.28	79.08	7.39	-13.78

Boewe Systec AG ROCE % Calculation

Boewe Systec AG's annualized ROCE % for the fiscal year that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	-42.121	/	( ( (565.701 - 169.732)	+	(531.983 - 316.514) )	/ 2 )
	=	-42.121	/	( (395.969	+	215.469)	/ 2 )
	=	-42.121	/	305.719
	=	-13.78 %

Boewe Systec AG's ROCE % of for the quarter that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2008 )		(Q: Dec. 2007 )		(Q: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2008 )		(Q: Dec. 2007 )		(Q: Dec. 2008 )
	=	-42.121	/	( ( (565.701 - 169.732)	+	(531.983 - 316.514) )	/ 2 )
	=	-42.121	/	( ( 395.969	+	215.469 )	/ 2 )
	=	-42.121	/	305.719
	=	-13.78 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2008) EBIT data.

Boewe Systec AG (STU:BSY) 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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Boewe Systec AG (STU:BSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Boewe Systec AG (STU:BSY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Werner-von-Siemens-Street 1, Augsburg, DEU, 86159

Website

http://www.boewe-systec.de

Boewe Systec AG is a solutions provider for printing and mail processing centres. The company manufactures and markets inserting systems. It also offers card mailing systems, letter and flats sorting, intralogistics and reading technologies in the field of document processing. It provides services to classic transactional or direct mail applications, modern mail processing centers, intralogistics or serialization in the pharmaceutical industry.