Meridian AD (XBLB:MRDN-R-A) ROCE % : 3.04% (As of Dec. 2013)

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What is Meridian AD 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. Meridian AD's annualized ROCE % for the quarter that ended in Dec. 2013 was 3.04%.

Meridian AD ROCE % Historical Data

The historical data trend for Meridian AD'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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Meridian AD ROCE % Chart

Meridian AD Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

ROCE %

3.84

3.81

3.19

5.03

Meridian AD Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
ROCE %	Get a 7-Day Free Trial			2.64	5.02	3.15	3.04	-

Meridian AD ROCE % Calculation

Meridian AD's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	0.542	/	( ( (15.084 - 4.153)	+	(15.06 - 4.46) )	/ 2 )
	=	0.542	/	( (10.931	+	10.6)	/ 2 )
	=	0.542	/	10.7655
	=	5.03 %

Meridian AD'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: Jun. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Jun. 2013 )		(Q: Dec. 2013 )
	=	0.336	/	( ( (15.572 - 4.419)	+	(15.084 - 4.153) )	/ 2 )
	=	0.336	/	( ( 11.153	+	10.931 )	/ 2 )
	=	0.336	/	11.042
	=	3.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2013) EBIT data.

Meridian AD (XBLB:MRDN-R-A) 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.

Meridian AD ROCE % Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meridian AD (XBLB:MRDN-R-A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veselina Maslese 21/II, Banja Luka, BIH, 78000

Website

http://www.meridianbl.com

Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

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