Millimages (XPAR:MIL) ROCE % : 7.61% (As of Jun. 2014)

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What is Millimages 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. Millimages's annualized ROCE % for the quarter that ended in Jun. 2014 was 7.61%.

Millimages ROCE % Historical Data

The historical data trend for Millimages'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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Millimages ROCE % Chart

Millimages Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-23.03

-27.20

-15.89

-33.02

-46.65

Millimages Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
ROCE %	Get a 7-Day Free Trial						-59.33	10.31	-156.91	44.08	7.61

Millimages ROCE % Calculation

Millimages'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 )
	=	-2.694	/	( ( (46.985 - 40.517)	+	(33.039 - 27.958) )	/ 2 )
	=	-2.694	/	( (6.468	+	5.081)	/ 2 )
	=	-2.694	/	5.7745
	=	-46.65 %

Millimages's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	0.326	/	( ( (33.039 - 27.958)	+	(32.627 - 29.14) )	/ 2 )
	=	0.326	/	( ( 5.081	+	3.487 )	/ 2 )
	=	0.326	/	4.284
	=	7.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

Millimages (XPAR:MIL) 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.

Millimages ROCE % Related Terms

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Millimages (XPAR:MIL) Business Description

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Address

Website

http://www.millimages.com

Millimages is engaged in the business of European audiovisual sector. It produces and distributes films and animated series, thus enriching its portfolio of over 400 hours of programs.

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