Alpha Imaging Technology (ROCO:3538) ROCE % : 3.46% (As of Dec. 2014)

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What is Alpha Imaging Technology 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. Alpha Imaging Technology's annualized ROCE % for the quarter that ended in Dec. 2014 was 3.46%.

Alpha Imaging Technology ROCE % Historical Data

The historical data trend for Alpha Imaging Technology'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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Alpha Imaging Technology ROCE % Chart

Alpha Imaging Technology Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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4.25

-17.65

-1.12

-5.63

Alpha Imaging Technology Semi-Annual Data
	Jun10	Dec10	Jun11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
ROCE %	Get a 7-Day Free Trial				-24.72	4.98	-7.10	-15.09	3.46

Alpha Imaging Technology ROCE % Calculation

Alpha Imaging Technology's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-41.947	/	( ( (819.586 - 73.613)	+	(854.906 - 110.523) )	/ 2 )
	=	-41.947	/	( (745.973	+	744.383)	/ 2 )
	=	-41.947	/	745.178
	=	-5.63 %

Alpha Imaging Technology's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	24.882	/	( ( (763.876 - 68.395)	+	(854.906 - 110.523) )	/ 2 )
	=	24.882	/	( ( 695.481	+	744.383 )	/ 2 )
	=	24.882	/	719.932
	=	3.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2014) EBIT data.

Alpha Imaging Technology (ROCO:3538) 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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Alpha Imaging Technology (ROCO:3538) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alpha Imaging Technology Corp (ROCO:3538) » Definitions » ROCE %

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Website

http://www.a-i-t.com.tw

Alpha Imaging Technology Corp. operates as an integrated chip fabless design company. It offers integrated mobile multimedia processors and image signal processing products for camera phones and multimedia phones.

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