Box Ships (Box Ships) ROCE % : -38.10% (As of Dec. 2015)

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What is Box Ships 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. Box Ships's annualized ROCE % for the quarter that ended in Dec. 2015 was -38.10%.

Box Ships ROCE % Historical Data

The historical data trend for Box Ships'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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Box Ships ROCE % Chart

Box Ships Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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5.55

7.29

3.85

-8.87

-194.49

Box Ships Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Dec16
ROCE %	Get a 7-Day Free Trial															1.76	-0.02	0.86	-38.10	-

Box Ships ROCE % Calculation

Box Ships's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	-222.147	/	( ( (355.764 - 127.57)	+	(2.876 - 2.63) )	/ 2 )
	=	-222.147	/	( (228.194	+	0.246)	/ 2 )
	=	-222.147	/	114.22
	=	-194.49 %

Box Ships's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Sep. 2015 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Sep. 2015 )		(Q: Dec. 2015 )
	=	-92.812	/	( ( (384.384 - 125.425)	+	(355.764 - 127.57) )	/ 2 )
	=	-92.812	/	( ( 258.959	+	228.194 )	/ 2 )
	=	-92.812	/	243.5765
	=	-38.10 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.

Box Ships (OTCPK:TEUFF) 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.

Box Ships ROCE % Related Terms

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Box Ships (Box Ships) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Box Ships Inc (OTCPK:TEUFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Karamanli Avenue, Voula, GRC, GR 16673

Website

http://www.box-ships.com

Box Ships Inc is a shipping company specializing in the transportation of containers and the provision of commercial management services to shipping companies. The time charter generates maximum revenue for the company.

Box Ships (Box Ships) Headlines

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