Viewtran Group (Viewtran Group) ROCE % : 6.88% (As of Dec. 2013)

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What is Viewtran Group 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. Viewtran Group's annualized ROCE % for the quarter that ended in Dec. 2013 was 6.88%.

Viewtran Group ROCE % Historical Data

The historical data trend for Viewtran Group'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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Viewtran Group ROCE % Chart

Viewtran Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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5.85

8.26

-15.56

-7.37

1.78

Viewtran Group Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
ROCE %	Get a 7-Day Free Trial															-18.65	5.40	5.42	1.49	6.88

Viewtran Group ROCE % Calculation

Viewtran Group's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	4.466	/	( ( (380.528 - 121.905)	+	(250.607 - 6.227) )	/ 2 )
	=	4.466	/	( (258.623	+	244.38)	/ 2 )
	=	4.466	/	251.5015
	=	1.78 %

Viewtran Group's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	17.656	/	( ( (444.156 - 175.514)	+	(250.607 - 6.227) )	/ 2 )
	=	17.656	/	( ( 268.642	+	244.38 )	/ 2 )
	=	17.656	/	256.511
	=	6.88 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

Viewtran Group (OTCPK:VIEWF) 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.

Viewtran Group ROCE % Related Terms

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Viewtran Group (Viewtran Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Viewtran Group Inc (OTCPK:VIEWF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 1501, Tower C, Skyworth Building, High-Tech Industrial Park, Nanshan, Shenzhen, CHN, 518057

Website

http://www.viewtran.com

Viewtran Group Inc provides supply chain financial services and enterprise solutions for the technology industry in China. It has Product Sales and Service Revenue segments. Products sales segment comprises sale of components for digital media, telecommunication system and equipment and industrial applications end-markets. Service revenue segment encompasses provision of technology and engineering services, business process outsourcing, network, system integration and related training and maintenance services. The company mainly operates in China.

Viewtran Group (Viewtran Group) Headlines

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