Healthcare Leadersome ETF (TSX:HHL) ROCE % : 4.87% (As of Jun. 2016)

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What is Healthcare Leadersome ETF 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. Healthcare Leadersome ETF's annualized ROCE % for the quarter that ended in Jun. 2016 was 4.87%.

Healthcare Leadersome ETF ROCE % Historical Data

The historical data trend for Healthcare Leadersome ETF'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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Healthcare Leadersome ETF ROCE % Chart

Healthcare Leadersome ETF Annual Data

Trend

Dec14

Dec15

ROCE %

-1.69

2.36

Healthcare Leadersome ETF Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16
ROCE %	-	11.29	-5.63	4.87

Healthcare Leadersome ETF ROCE % Calculation

Healthcare Leadersome ETF'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 )
	=	2.65	/	( ( (87.728 - 0.015)	+	(140.066 - 2.837) )	/ 2 )
	=	2.65	/	( (87.713	+	137.229)	/ 2 )
	=	2.65	/	112.471
	=	2.36 %

Healthcare Leadersome ETF'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 )
	=	6.14	/	( ( (140.066 - 2.837)	+	(134.196 - 19.209) )	/ 2 )
	=	6.14	/	( ( 137.229	+	114.987 )	/ 2 )
	=	6.14	/	126.108
	=	4.87 %

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

Healthcare Leadersome ETF (TSX:HHL) 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.

Healthcare Leadersome ETF ROCE % Related Terms

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Healthcare Leadersome ETF (TSX:HHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Healthcare Leaders Income ETF (TSX:HHL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.harvestportfolios.com

Healthcare Leaders Income ETF is a closed-end fund. Its investment objectives are to provide unit holders with the opportunity for capital appreciation; monthly cash distributions; and lower overall volatility of portfolio returns.

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