Alliance Oil Company (OSTO:AOIL SDB) ROCE % : 9.14% (As of Sep. 2013)

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What is Alliance Oil Company 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. Alliance Oil Company's annualized ROCE % for the quarter that ended in Sep. 2013 was 9.14%.

Alliance Oil Company ROCE % Historical Data

The historical data trend for Alliance Oil Company'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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Alliance Oil Company ROCE % Chart

Alliance Oil Company Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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10.42

23.12

11.95

15.47

13.30

Alliance Oil Company Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial											15.99	14.87	7.31	9.24	9.14

Alliance Oil Company ROCE % Calculation

Alliance Oil Company's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	3923.898	/	( ( (28965.253 - 3429.83)	+	(39508.1 - 6043.878) )	/ 2 )
	=	3923.898	/	( (25535.423	+	33464.222)	/ 2 )
	=	3923.898	/	29499.8225
	=	13.30 %

Alliance Oil Company's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	3021.636	/	( ( (38559.779 - 5360.877)	+	(38315.202 - 5414.111) )	/ 2 )
	=	3021.636	/	( ( 33198.902	+	32901.091 )	/ 2 )
	=	3021.636	/	33049.9965
	=	9.14 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

Alliance Oil Company (OSTO:AOIL SDB) 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.

Alliance Oil Company ROCE % Related Terms

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Alliance Oil Company (OSTO:AOIL SDB) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alliance Oil Company Ltd. (OSTO:AOIL SDB) » Definitions » ROCE %

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Website

http://www.allianceoilco.com

Alliance Oil Company Ltd. has oil & gas operations in Russia & Kazakhstan. The Company's work is classified into two segments, namely, upstream & downstream. Its business activities include refining, marketing and s ales and transport & logistics.

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