When should you quit? Nov 16, 2009
Go a step further and measure return on equity, return on assets, return on capital employed, or other such measures. If you don t have lots of hard assets in the venture, compare your absolute returns to returns from doing something else. (Sydney Morning Herald -- Business)
Depressed markets leave big cos with little room to invest Nov 4, 2009
It depresses the return on net worth and return on capital employed (RoCE), reducing their valuations on stock market. This is because companies rarely earn more than 9%, while RoCE in their core operations may be above 30% per annum. (India Times)
ICRA's rich valuations don't look expensive Oct 19, 2009
Since it is in the services industry, which does not require huge investment in fixed assets, its return on capital employed (RoCE) at 31% for FY 2009 is quite high. BUSINESS. (India Times)
Vinati Organics: On a growth path Sep 7, 2009
The return on capital employed (RoCE), which had jumped to 40% in FY08, eased to 26. 2% in FY09. (India Times)
China Stocks May Outperform After Slump Restored Value, Merrill Lynch Says Sep 4, 2009
return on capital employed is at about 10 percent, 60 basis points lower than the Asian average, the brokerage said. A basis point is 0. (Bloomberg -- Asia)
Accor: 2009 First-Half Results Aug 27, 2009
Return on capital employed declined by 2. 4 points during the first half, to 12. (PR Newswire)
BOURBON: Strong First Half 2009 Results Boosted by Growth in Offshore Aug 26, 2009
Return on capital employed, measured by the ratio of EBITDA to average capital employed excluding payments on account, is 18. 1%, in line with the 18% objective announced for 2012 in the strategic plan. (PR Newswire)
NMDC may correct after govt stake sale Aug 24, 2009
Even the average return on capital employed for past five years is around 70. The company has little debt on its balance sheet and is sitting on cash reserves of more than Rs 8,000 crore. (India Times)
Global slowdown weighs on Exxaro's heavy minerals unit Aug 21, 2009
Exxaro was looking to achieve a return on capital employed of between 25 percent and 30 percent across all its operations. The heavy minerals businesses were new operations and it would take some time to achieve this return. (Business Report, South Africa)
Satyam a game changer for TechM: Mahindra Aug 17, 2009
Finally, the fourth mantra is financial, they have to do with free cash flow and return on capital employed. 1. (India Times)
Mahindras float in-house PE firm to fund new projects Aug 11, 2009
The Mahindra groups new business ventures are based on its Blue Chip Mantras: global footprint or potential, innovation quotient , sectors in which the group can be a leader and free cash-flow and return on capital employed. The Mahindra group operates in 10 business areas. (India Times)
Efficient power sector players at lower valuations than NHPC Aug 10, 2009
Besides, the company has a lower RoCE (return on capital employed) of 4. 5%, against its peers like NTPC, which has ROCE of over 15. (India Times)
Wipro Records 13% Growth in Net Income Jul 22, 2009
Return on Capital Employed (ROCE) for our IT Services and Products segment was 38% for our quarter ended June 30, 2009, compared to 41% for the same period last year. Consumer Care and Lighting (8% of Total Revenue and 7% of Operating Income for our quarter ended June 30, 2009). (PR Newswire)
MTG: 2009 Annual General Meeting of Shareholders May 12, 2009
Series B: Normalised return on capital employed (ROCE) of between 13 per cent and 23 per cent. Series C: Class B share total shareholder return equivalent to between the average and ten per cent or above that of the peer group of CME, ITV, M6, Mediaset, ProSieben, RTL Group, Sky, TF1 and TVN. (Yahoo! Wire -- Entertainment News)
Transnet begs for pipeline May 5, 2009
"This, together with a commercially unacceptably low return on capital employed, will not enable sustainable pipeline operations and needs urgent review," it added. The utility said it was assessing these matters and will take such action as is appropriate once the review has been completed. (iAfrica.com)
Here's trouble Apr 8, 2009
An average Return on Capital employed (earnings before interest and tax divided by the asset base) for a fast food business may range between 25 and 35 per cent, while the construction industry used to see 100 per cent in the boom times, falling to 25 per cent and less in the downturn. A high end restaurant should be getting 30-40 per cent or more in good times, he said. (Sydney Morning Herald -- Business)
Sinopec Corp. Announces 2008 Annual Results Mar 30, 2009
" PRINCIPAL FINANCIAL DATA AND INDICATORS FINANCIAL DATA AND INDICATORS PREPARED IN ACCORDANCE WITH THE PRC ACCOUNTING STANDARDS FOR BUSINESS ENTERPRISES ("ASBE") For the years ended 31 December Items 2008 2007 Change 2006 RMB Millions as restated* as previously (%) reported Operating income 1,452,101 1,204,843 1,204,843 20.52 1,061,669 Profit before taxation 24,226 83,434 82,911 (70.96) 76,305 Net profit attributable to equity shareholders of the Company 29,689 56,515 54,947 (47.47) 52,625 Net... (PR Newswire)
Peyto Energy Trust announces ten successful years with fiscal 2008 year end results Mar 5, 2009
96/unit) - Accumulated over $900 million in earnings - Averaged 22% Return on Capital Employed and 44% Return on Equity - Delivered a ten year compound annual total return of 65% The Trust's assets exhibited the following attributes for 2008: - Long reserve life - Proved Producing 14 yrs, Total Proved 17 yrs, Proved plus Probable 23 yrs - High revenue natural gas - $9 ... 8 times (net debt, before provision for future performance based compensation, divided by annualized fourth quarter 2008... (PR Newswire)
Sustaining Growth Will Challenge African Govts Feb 20, 2009
As a result, returns on American foreign direct investment, returns on equity, and estimates from survey data on the return on capital employed all show Africa to be generating the highest rate of return of any region in the world. Despite these gains, Africa continues to be the poorest region on earth. (allAfrica.com)
Air Liquide Predicts Profit Growth in 2009, Buoyed by Refining Feb 16, 2009
Chief Executive Officer Benoit Potier maintained a target for a return on capital employed of 11 to 12 percent. To contact the reporters on this story: in Paris at. (Bloomberg)
