BNS Split II (TSX:BSC.PR.C.PFD) ROCE % : -115.89% (As of Mar. 2020)

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What is BNS Split II 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. BNS Split II's annualized ROCE % for the quarter that ended in Mar. 2020 was -115.89%.

BNS Split II ROCE % Historical Data

The historical data trend for BNS Split II'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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BNS Split II ROCE % Chart

BNS Split II Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

ROCE %

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-26.76

38.07

21.80

1.46

-1.11

BNS Split II Semi-Annual Data
	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
ROCE %	Get a 7-Day Free Trial															7.43	-4.83	-20.05	19.17	-115.89

BNS Split II ROCE % Calculation

BNS Split II's annualized ROCE % for the fiscal year that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2019 )		(A: Sep. 2018 )		(A: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2019 )		(A: Sep. 2018 )		(A: Sep. 2019 )
	=	-0.229	/	( ( (30.874 - 8.831)	+	(27.317 - 8.152) )	/ 2 )
	=	-0.229	/	( (22.043	+	19.165)	/ 2 )
	=	-0.229	/	20.604
	=	-1.11 %

BNS Split II's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Sep. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Sep. 2019 )		(Q: Mar. 2020 )
	=	-16.946	/	( ( (27.317 - 8.152)	+	(18.189 - 8.108) )	/ 2 )
	=	-16.946	/	( ( 19.165	+	10.081 )	/ 2 )
	=	-16.946	/	14.623
	=	-115.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2020) EBIT data.

BNS Split II (TSX:BSC.PR.C.PFD) 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.

BNS Split II ROCE % Related Terms

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BNS Split II (TSX:BSC.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNS Split Corp II (TSX:BSC.PR.C.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 King Street West, 18th Floor, Toronto, ON, CAN, M5H 1J9

Website

http://www.scotiamanagedcompanies.com

BNS Split Corp II is a Canada based company. It holds a portfolio consisting of common shares of the Bank of Nova Scotia in order to generate income for the holders of the company's preferred shares and to enable the holders of the company's capital shares to participate in any capital appreciation in the BNS shares. The company receives maximum revenue in the form of dividend income.

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