Brisa-Auto Estradas de Portugal (XLIS:BRI) ROCE % : 5.50% (As of Dec. 2013)

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What is Brisa-Auto Estradas de Portugal 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. Brisa-Auto Estradas de Portugal's annualized ROCE % for the quarter that ended in Dec. 2013 was 5.50%.

Brisa-Auto Estradas de Portugal ROCE % Historical Data

The historical data trend for Brisa-Auto Estradas de Portugal'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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Brisa-Auto Estradas de Portugal ROCE % Chart

Brisa-Auto Estradas de Portugal Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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6.87

18.09

4.29

4.09

5.50

Brisa-Auto Estradas de Portugal Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
ROCE %	Get a 7-Day Free Trial			6.87	18.09	4.29	4.09	5.50

Brisa-Auto Estradas de Portugal ROCE % Calculation

Brisa-Auto Estradas de Portugal'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 )
	=	216.256	/	( ( (4922.452 - 713.888)	+	(4154.128 - 502.312) )	/ 2 )
	=	216.256	/	( (4208.564	+	3651.816)	/ 2 )
	=	216.256	/	3930.19
	=	5.50 %

Brisa-Auto Estradas de Portugal'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: Dec. 2012 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Dec. 2012 )		(Q: Dec. 2013 )
	=	216.256	/	( ( (4922.452 - 713.888)	+	(4154.128 - 502.312) )	/ 2 )
	=	216.256	/	( ( 4208.564	+	3651.816 )	/ 2 )
	=	216.256	/	3930.19
	=	5.50 %

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

Brisa-Auto Estradas de Portugal (XLIS:BRI) 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.

Brisa-Auto Estradas de Portugal ROCE % Related Terms

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Brisa-Auto Estradas de Portugal (XLIS:BRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Brisa-Auto Estradas de Portugal (XLIS:BRI) » Definitions » ROCE %

Traded in Other Exchanges

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Address

Website

http://www.brisa.pt

Brisa-Auto Estradas de Portugal is engaged in motorway operators, transport infrastructure in Portugal. Its main business area is the construction and operation of tolled motorways, both through direct investments in Portugal.

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