5Banc Split (TSX:FBS.PR.C.PFD) ROCE % : 16.15% (As of Jun. 2016)

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What is 5Banc Split 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. 5Banc Split's annualized ROCE % for the quarter that ended in Jun. 2016 was 16.15%.

5Banc Split ROCE % Historical Data

The historical data trend for 5Banc Split'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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5Banc Split ROCE % Chart

5Banc Split Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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4.87

4.10

4.04

15.84

0.47

5Banc Split Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
ROCE %	Get a 7-Day Free Trial															24.90	3.72	2.90	-2.29	16.15

5Banc Split ROCE % Calculation

5Banc Split's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	0.181	/	( ( (43.252 - 0.185)	+	(34.293 - 0.235) )	/ 2 )
	=	0.181	/	( (43.067	+	34.058)	/ 2 )
	=	0.181	/	38.5625
	=	0.47 %

5Banc Split's ROCE % of for the quarter that ended in Jun. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2016 )		(Q: Dec. 2015 )		(Q: Jun. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2016 )		(Q: Dec. 2015 )		(Q: Jun. 2016 )
	=	5.68	/	( ( (34.293 - 0.235)	+	(36.498 - 0.2) )	/ 2 )
	=	5.68	/	( ( 34.058	+	36.298 )	/ 2 )
	=	5.68	/	35.178
	=	16.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2016) EBIT data.

5Banc Split (TSX:FBS.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.

5Banc Split ROCE % Related Terms

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5Banc Split Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 5Banc Split Inc (TSX:FBS.PR.C.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.timbercreek.com

5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.

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