Arafura Pearls Holdings Limited (ASX:APB) ROCE % : 0.00% (As of . 20)

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What is Arafura Pearls Holdings Limited 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. Arafura Pearls Holdings Limited's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Arafura Pearls Holdings Limited ROCE % Historical Data

The historical data trend for Arafura Pearls Holdings Limited'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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Arafura Pearls Holdings Limited ROCE % Chart

Arafura Pearls Holdings Limited Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

ROCE %

-29.42

-27.02

-23.37

-77.22

Arafura Pearls Holdings Limited Semi-Annual Data

ROCE %

Arafura Pearls Holdings Limited ROCE % Calculation

Arafura Pearls Holdings Limited's annualized ROCE % for the fiscal year that ended in Jun. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	-37.887	/	( ( (78.103 - 14.654)	+	(44.161 - 9.486) )	/ 2 )
	=	-37.887	/	( (63.449	+	34.675)	/ 2 )
	=	-37.887	/	49.062
	=	-77.22 %

Arafura Pearls Holdings Limited's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is two times the semi-annual (. 20) EBIT data.

Arafura Pearls Holdings Limited (ASX:APB) 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.

Arafura Pearls Holdings Limited ROCE % Related Terms

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