Advanced Digital Broadcast Holding (XSWX:ADBN) ROCE % : 8.33% (As of Jun. 2014)

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What is Advanced Digital Broadcast Holding 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. Advanced Digital Broadcast Holding's annualized ROCE % for the quarter that ended in Jun. 2014 was 8.33%.

Advanced Digital Broadcast Holding ROCE % Historical Data

The historical data trend for Advanced Digital Broadcast Holding'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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Advanced Digital Broadcast Holding ROCE % Chart

Advanced Digital Broadcast Holding Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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22.11

21.04

-9.99

13.86

-9.91

Advanced Digital Broadcast Holding Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
ROCE %	Get a 7-Day Free Trial					6.02	21.52	8.68	-27.99	8.33

Advanced Digital Broadcast Holding ROCE % Calculation

Advanced Digital Broadcast Holding'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 )
	=	-6.916	/	( ( (209.924 - 135.895)	+	(154.867 - 89.296) )	/ 2 )
	=	-6.916	/	( (74.029	+	65.571)	/ 2 )
	=	-6.916	/	69.8
	=	-9.91 %

Advanced Digital Broadcast Holding'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 )
	=	5.342	/	( ( (154.867 - 89.296)	+	(169.311 - 106.654) )	/ 2 )
	=	5.342	/	( ( 65.571	+	62.657 )	/ 2 )
	=	5.342	/	64.114
	=	8.33 %

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

Advanced Digital Broadcast Holding (XSWX:ADBN) 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.

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Advanced Digital Broadcast Holding (XSWX:ADBN) Business Description

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Advanced Digital Broadcast Holding SA was incorporated on July 26, 2004 in the Canton of Geneva. The Company is engaged in the development and sale of equipment, services and software for the digital television and broadband data communication industry, and relies on third party contract manufacturers for the production of equipment. In 2005, the Company made an initial public offering. It develops and delivers diverse products to the worldwide digital television industry, supplying digital set-top boxes across all television transmission platforms such as cable, IPTV, satellite and terrestrial. Its customers include digital television operators, consumer electronics manufacturers and retail distributors of digital set-top boxes. The Company is in system integration, incorporating the industry's middleware, conditional access and hardware technologies and provide technically superior products, service and support, in as short time as possible.

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