China Precision Steel (China Precision Steel) ROCE % : -335.28% (As of Dec. 2014)

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What is China Precision Steel 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. China Precision Steel's annualized ROCE % for the quarter that ended in Dec. 2014 was -335.28%.

China Precision Steel ROCE % Historical Data

The historical data trend for China Precision Steel'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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China Precision Steel ROCE % Chart

China Precision Steel Annual Data

Trend

Dec04

Dec05

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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5.27

2.33

-10.38

-76.12

-116.45

China Precision Steel Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
ROCE %	Get a 7-Day Free Trial															-129.32	-382.58	27.26	-207.10	-335.28

China Precision Steel ROCE % Calculation

China Precision Steel's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	-39.334	/	( ( (119.928 - 67.018)	+	(77.855 - 63.209) )	/ 2 )
	=	-39.334	/	( (52.91	+	14.646)	/ 2 )
	=	-39.334	/	33.778
	=	-116.45 %

China Precision Steel's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Sep. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Sep. 2014 )		(Q: Dec. 2014 )
	=	-17.832	/	( ( (71.523 - 63.502)	+	(66.305 - 63.689) )	/ 2 )
	=	-17.832	/	( ( 8.021	+	2.616 )	/ 2 )
	=	-17.832	/	5.3185
	=	-335.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2014) EBIT data.

China Precision Steel (OTCPK:CPSL) 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.

China Precision Steel ROCE % Related Terms

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China Precision Steel (China Precision Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Precision Steel Inc (OTCPK:CPSL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Website

http://www.chinaprecisionsteelinc.com

China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.

Executives

Michael Friess

director, officer: Secretary

5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303

China Precision Steel (China Precision Steel) Headlines

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