Himsnab Bulgaria AD (XBUL:CHSB) ROCE % : -29.41% (As of Dec. 2017)

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What is Himsnab Bulgaria AD 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. Himsnab Bulgaria AD's annualized ROCE % for the quarter that ended in Dec. 2017 was -29.41%.

Himsnab Bulgaria AD ROCE % Historical Data

The historical data trend for Himsnab Bulgaria AD'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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Himsnab Bulgaria AD ROCE % Chart

Himsnab Bulgaria AD Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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5.53

3.39

6.20

7.27

3.35

Himsnab Bulgaria AD Quarterly Data
	Dec10	Dec11	Dec12	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Sep17	Dec17
ROCE %	Get a 7-Day Free Trial															9.34	10.48	1.36	-	-29.41

Himsnab Bulgaria AD ROCE % Calculation

Himsnab Bulgaria AD's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	5.215	/	( ( (201.197 - 44.532)	+	(199.634 - 44.782) )	/ 2 )
	=	5.215	/	( (156.665	+	154.852)	/ 2 )
	=	5.215	/	155.7585
	=	3.35 %

Himsnab Bulgaria AD's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Sep. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Sep. 2017 )		(Q: Dec. 2017 )
	=	-47.652	/	( ( (192.004 - 22.826)	+	(199.634 - 44.782) )	/ 2 )
	=	-47.652	/	( ( 169.178	+	154.852 )	/ 2 )
	=	-47.652	/	162.015
	=	-29.41 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2017) EBIT data.

Himsnab Bulgaria AD (XBUL:CHSB) 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.

Himsnab Bulgaria AD ROCE % Related Terms

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Himsnab Bulgaria AD (XBUL:CHSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Himsnab Bulgaria AD (XBUL:CHSB) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 Skladova Baza Street, Iliyantsi Quarter, Nadezhda District, Sofia, BGR, 1271

Website

http://www.chimsnab-bulgaria.com

Himsnab Bulgaria AD is engaged in letting of own assets for rent for commercial, warehouse and office space and production, commercial activity.

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