Canso Select Opportunities Fund (TSX:SCW.UN) ROCE %: 1.75% (As of Jun. 2018)


What is Canso Select Opportunities Fund ROCE %?

Canso Select Opportunities Fund TSX:SCW.UN ROCE % is 1.75% as of Jun. 2018.

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. Canso Select Opportunities Fund's annualized ROCE % for the quarter that ended in Jun. 2018 was 1.75%.

Canso Select Opportunities Fund  (TSX:SCW.UN) 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.

Canso Select Opportunities Fund ROCE % Related Terms

Canso Select Opportunities Fund ROCE % Historical Data

* Premium members only.

The historical data trend for Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund ROCE % Chart

Canso Select Opportunities Fund Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17
ROCE %
7.99 15.40 -5.45 2.88 11.43

Canso Select Opportunities Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -31.99 39.90 12.33 18.28 1.75

Canso Select Opportunities Fund ROCE % Calculation

Canso Select Opportunities Fund's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=7.665/( ( (85.803 - 0.492) + (49.083 - 0.276) )/ 2 )
=7.665/( (85.311+48.807)/ 2 )
=7.665/67.059
=11.43 %

Canso Select Opportunities Fund's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=0.582/( ( (49.083 - 0.276) + (17.706 - 0.147) )/ 2 )
=0.582/( ( 48.807 + 17.559 )/ 2 )
=0.582/33.183
=1.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2018) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 1.75% mean?
Canso Select Opportunities Fund (TSX:SCW.UN) has a ROCE % of 1.75% as of Jun. 2018.
Is Canso Select Opportunities Fund's ROCE % too high?
Canso Select Opportunities Fund's current ROCE % is 1.75%. The Asset Management industry median ROCE % is 4.39. Canso Select Opportunities Fund's value of 1.75% is 60.1% below this industry median.
How does Canso Select Opportunities Fund's ROCE % compare to competitors?
Canso Select Opportunities Fund's ROCE % of 1.75% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. Canso Select Opportunities Fund's value of 1.75% is 60.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 709 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canso Select Opportunities Fund's current ROCE % of 1.75% is 60.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canso Select Opportunities Fund's current ROCE % is 1.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canso Select Opportunities Fund stock overvalued right now?
Canso Select Opportunities Fund (TSX:SCW.UN) has a current ROCE % of 1.75%. The current ROCE % is 1.75% and 60.1% below the Asset Management industry median of 4.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Canso Select Opportunities Fund (TSX:SCW.UN), the current ROCE % is 1.75% as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canso Select Opportunities Fund Business Description

Address 4000 - 3080 Yonge Street, Toronto, ON, CAN, M4N 3N1
Canso Select Opportunities Fund is a Canadian closed-end investment fund which seeks to maximize total returns for unitholders and provide attractive monthly cash distributions. The fund invests in an actively managed and diversified portfolio of corporate bonds and equities. The revenue generated by the company includes interest, dividend, accrued interest, income on investment and other income.