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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. Calamos Asset Management's annualized ROCE % for the quarter that ended in Sep. 2016 was 15.00%.
The historical data trend for Calamos Asset Management'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.
Calamos Asset Management Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 31.49 | 26.31 | 19.85 | 14.63 | 5.02 |
Calamos Asset Management Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
ROCE % | Get a 7-Day Free Trial | -1.78 | 7.84 | -5.73 | 1.26 | 15.00 |
Calamos Asset Management's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2015 ) | (A: Dec. 2014 ) | (A: Dec. 2015 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2015 ) | (A: Dec. 2014 ) | (A: Dec. 2015 ) | |||||
= | 26.791 | / | ( ( (607.156 - 52.602) | + | (561.462 - 48.282) ) | / 2 ) | |
= | 26.791 | / | ( (554.554 | + | 513.18) | / 2 ) | |
= | 26.791 | / | 533.867 | ||||
= | 5.02 % |
Calamos Asset Management's ROCE % of for the quarter that ended in Sep. 2016 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2016 ) | (Q: Jun. 2016 ) | (Q: Sep. 2016 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2016 ) | (Q: Jun. 2016 ) | (Q: Sep. 2016 ) | |||||
= | 117.88 | / | ( ( (866.188 - 51.352) | + | (822.716 - 65.356) ) | / 2 ) | |
= | 117.88 | / | ( ( 814.836 | + | 757.36 ) | / 2 ) | |
= | 117.88 | / | 786.098 | ||||
= | 15.00 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.
* 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.
Calamos Asset Management (NAS:CLMS) 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.
Thank you for viewing the detailed overview of Calamos Asset Management's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Keith M Schappert | other: Former Director | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Thomas F Eggers | other: Former Director | CALAMOS ASSET MANAGEMENT, INC., 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
William N Shiebler | other: Former Director | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Robert Behan | officer: Pres., Head of Global Distrib. | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Calamos Family Partners, Inc. | 10 percent owner | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Calamos John P Sr | director, 10 percent owner, officer: Founder, Chairman & Global CIO | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Mangrove Partners Fund, L.p. | 10 percent owner | 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
Capital Mangrove | 10 percent owner | 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022 |
Partners Mangrove | 10 percent owner | 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
Nathaniel H. August | 10 percent owner | 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022 |
Mangrove Partners Master Fund, Ltd. | 10 percent owner | 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022 |
Mangrove Partners Fund (cayman), Ltd. | 10 percent owner | MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104 |
Thomas E Herman | officer: SVP, Chief Fiancial Officer | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
Nimish S Bhatt | officer: SVP & CFO | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
John S. Koudounis | director, officer: CEO | 2020 CALAMOS COURT, NAPERVILLE IL 60563 |
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