Societe d′Edition de Canal Plus (XPAR:AN) ROCE % : 20.69% (As of Jun. 2015)

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What is Societe d′Edition de Canal Plus 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. Societe d′Edition de Canal Plus's annualized ROCE % for the quarter that ended in Jun. 2015 was 20.69%.

Societe d′Edition de Canal Plus ROCE % Historical Data

The historical data trend for Societe d′Edition de Canal Plus'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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Societe d′Edition de Canal Plus ROCE % Chart

Societe d′Edition de Canal Plus Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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21.38

19.14

19.47

19.72

20.25

Societe d′Edition de Canal Plus Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial						20.58	19.97	20.58	21.09	20.69

Societe d′Edition de Canal Plus ROCE % Calculation

Societe d′Edition de Canal Plus'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 )
	=	65	/	( ( (1000 - 681)	+	(1049 - 726) )	/ 2 )
	=	65	/	( (319	+	323)	/ 2 )
	=	65	/	321
	=	20.25 %

Societe d′Edition de Canal Plus's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	66	/	( ( (1049 - 726)	+	(712 - 397) )	/ 2 )
	=	66	/	( ( 323	+	315 )	/ 2 )
	=	66	/	319
	=	20.69 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

Societe d′Edition de Canal Plus (XPAR:AN) 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.

Societe d′Edition de Canal Plus ROCE % Related Terms

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Societe d′Edition de Canal Plus (XPAR:AN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Societe d′Edition de Canal Plus (XPAR:AN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.canalplus.fr

Societe d'Edition de Canal is engaged in the broadcast media. It provides television programming and operates direct broadcast and satellite systems, provides cable television services, distributes motion pictures, videos, and digital television.