Advanced Inflight Alliance AG (LTS:0NPQ) ROCE % : -14.22% (As of Mar. 2014)

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What is Advanced Inflight Alliance AG 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. Advanced Inflight Alliance AG's annualized ROCE % for the quarter that ended in Mar. 2014 was -14.22%.

Advanced Inflight Alliance AG ROCE % Historical Data

The historical data trend for Advanced Inflight Alliance AG'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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Advanced Inflight Alliance AG ROCE % Chart

Advanced Inflight Alliance AG Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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15.05

17.86

10.85

12.00

18.92

Advanced Inflight Alliance AG Quarterly Data
	Dec09	Jun10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
ROCE %	Get a 7-Day Free Trial										-69.47	95.67	14.91	37.80	-14.22

Advanced Inflight Alliance AG ROCE % Calculation

Advanced Inflight Alliance AG's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	20.009	/	( ( (145.404 - 47.661)	+	(159.192 - 45.422) )	/ 2 )
	=	20.009	/	( (97.743	+	113.77)	/ 2 )
	=	20.009	/	105.7565
	=	18.92 %

Advanced Inflight Alliance AG's ROCE % of for the quarter that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2014 )		(Q: Dec. 2013 )		(Q: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2014 )		(Q: Dec. 2013 )		(Q: Mar. 2014 )
	=	-27.16	/	( ( (159.192 - 45.422)	+	(412.936 - 144.674) )	/ 2 )
	=	-27.16	/	( ( 113.77	+	268.262 )	/ 2 )
	=	-27.16	/	191.016
	=	-14.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2014) EBIT data.

Advanced Inflight Alliance AG (LTS:0NPQ) 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.

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Advanced Inflight Alliance AG (LTS:0NPQ) Business Description

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Website

http://www.advanced-inflight-alliance.com/

Advanced Inflight Alliance AG provides inflight entertainment services - including onboard entertainment for passengers during a flight in the form of video and music programs, as well as electronic games.

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