Retva (NZSE:PPG) ROCE % : -214.41% (As of Jan. 2014)

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What is Retva 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. Retva's annualized ROCE % for the quarter that ended in Jan. 2014 was -214.41%.

Retva ROCE % Historical Data

The historical data trend for Retva'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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Retva ROCE % Chart

Retva Annual Data

Trend

Jul05

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

ROCE %

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9.49

6.69

7.46

3.52

-59.94

Retva Semi-Annual Data
	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14
ROCE %	Get a 7-Day Free Trial										-5.32	12.17	-15.37	-88.81	-214.41

Retva ROCE % Calculation

Retva's annualized ROCE % for the fiscal year that ended in Jul. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2013 )		(A: Jul. 2012 )		(A: Jul. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2013 )		(A: Jul. 2012 )		(A: Jul. 2013 )
	=	-9.815	/	( ( (37.345 - 9.573)	+	(29.641 - 24.661) )	/ 2 )
	=	-9.815	/	( (27.772	+	4.98)	/ 2 )
	=	-9.815	/	16.376
	=	-59.94 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2014 )		(Q: Jul. 2013 )		(Q: Jan. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2014 )		(Q: Jul. 2013 )		(Q: Jan. 2014 )
	=	-6.176	/	( ( (29.641 - 24.661)	+	(29.343 - 28.562) )	/ 2 )
	=	-6.176	/	( ( 4.98	+	0.781 )	/ 2 )
	=	-6.176	/	2.8805
	=	-214.41 %

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

Retva (NZSE:PPG) 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.

Retva ROCE % Related Terms

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Retva (NZSE:PPG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Retva Ltd (NZSE:PPG) » Definitions » ROCE %

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Address

Website

http://www.ppgl.co.nz

Postie Plus Group Limited owns and operates a chain of retail apparel stores in New Zealand under Postie+ brand name. It offers apparel for women, men, children sleepwear, lingerie, accessories, thermals, footwear and cosmetics, among others.