Octopus Eclipse VCT 2 (LSE:OEC2) ROCE % : -1.57% (As of Jul. 2012)

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What is Octopus Eclipse VCT 2 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. Octopus Eclipse VCT 2's annualized ROCE % for the quarter that ended in Jul. 2012 was -1.57%.

Octopus Eclipse VCT 2 ROCE % Historical Data

The historical data trend for Octopus Eclipse VCT 2'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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Octopus Eclipse VCT 2 ROCE % Chart

Octopus Eclipse VCT 2 Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

ROCE %

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0.79

1.03

-0.58

0.05

-1.64

Octopus Eclipse VCT 2 Semi-Annual Data
	Jul05	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12
ROCE %	Get a 7-Day Free Trial										-0.80	0.96	-1.45	-1.78	-1.57

Octopus Eclipse VCT 2 ROCE % Calculation

Octopus Eclipse VCT 2's annualized ROCE % for the fiscal year that ended in Jan. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2012 )		(A: Jan. 2011 )		(A: Jan. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2012 )		(A: Jan. 2011 )		(A: Jan. 2012 )
	=	-0.199	/	( ( (13.948 - 0.169)	+	(10.662 - 0.227) )	/ 2 )
	=	-0.199	/	( (13.779	+	10.435)	/ 2 )
	=	-0.199	/	12.107
	=	-1.64 %

Octopus Eclipse VCT 2's ROCE % of for the quarter that ended in Jul. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2012 )		(Q: Jan. 2012 )		(Q: Jul. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2012 )		(Q: Jan. 2012 )		(Q: Jul. 2012 )
	=	-0.16	/	( ( (10.662 - 0.227)	+	(10.129 - 0.194) )	/ 2 )
	=	-0.16	/	( ( 10.435	+	9.935 )	/ 2 )
	=	-0.16	/	10.185
	=	-1.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2012) EBIT data.

Octopus Eclipse VCT 2 (LSE:OEC2) 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.

Octopus Eclipse VCT 2 ROCE % Related Terms

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Octopus Eclipse VCT 2 (LSE:OEC2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Octopus Eclipse VCT 2 PLC (LSE:OEC2) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Website

http://www.octopusinvestments.com

Octopus Eclipse VCT 2 PLC is a venture capital trust which aims to provide shareholders with attractive tax-free dividends and long-term capital growth, by investing in a diverse portfolio of unquoted and AIM-quoted companies.

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