China Clean Energy (STU:IIG) ROCE % : 19.63% (As of Sep. 2011)

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What is China Clean Energy 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. China Clean Energy's annualized ROCE % for the quarter that ended in Sep. 2011 was 19.63%.

China Clean Energy ROCE % Historical Data

The historical data trend for China Clean Energy'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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China Clean Energy ROCE % Chart

China Clean Energy Annual Data

Trend

Jun05

Jun06

Dec07

Dec08

Dec09

Dec10

ROCE %

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-316.67

46.12

4.91

-0.26

24.03

China Clean Energy Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
ROCE %	Get a 7-Day Free Trial															25.35	29.34	34.34	39.70	19.63

China Clean Energy ROCE % Calculation

China Clean Energy's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	6.87	/	( ( (25.132 - 2.551)	+	(39.377 - 4.782) )	/ 2 )
	=	6.87	/	( (22.581	+	34.595)	/ 2 )
	=	6.87	/	28.588
	=	24.03 %

China Clean Energy's ROCE % of for the quarter that ended in Sep. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	6.804	/	( ( (41.259 - 8.106)	+	(43.818 - 7.658) )	/ 2 )
	=	6.804	/	( ( 33.153	+	36.16 )	/ 2 )
	=	6.804	/	34.6565
	=	19.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

China Clean Energy (STU:IIG) 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.

China Clean Energy ROCE % Related Terms

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China Clean Energy (STU:IIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Clean Energy Inc (STU:IIG) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jiangyin Industrial Zone, Jiangyin Town, Fuqing, Fujian Province, CHN, 350309

Website

http://www.chinacleanenergyinc.com

China Clean Energy Inc operates inchemical industry. Thre company engages in the development, manufacturing and distribution of biodiesel and chemical products made from renewable resources.

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