Asia Pacific No.3 Ship Investment Co (XKRX:081200) ROCE % : 5.88% (As of Sep. 2014)

View and export this data going back to . Start your Free Trial

What is Asia Pacific No.3 Ship Investment Co 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. Asia Pacific No.3 Ship Investment Co's annualized ROCE % for the quarter that ended in Sep. 2014 was 5.88%.

Asia Pacific No.3 Ship Investment Co ROCE % Historical Data

The historical data trend for Asia Pacific No.3 Ship Investment Co'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.

* Premium members only.

Asia Pacific No.3 Ship Investment Co ROCE % Chart

Asia Pacific No.3 Ship Investment Co Annual Data

Trend

Dec11

Dec12

ROCE %

5.61

5.85

Asia Pacific No.3 Ship Investment Co Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial						5.83	5.98	5.81	5.83	5.88

Asia Pacific No.3 Ship Investment Co ROCE % Calculation

Asia Pacific No.3 Ship Investment Co'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 )
	=	547.985	/	( ( (9808.657 - 96.601)	+	(9112.982 - 92.228) )	/ 2 )
	=	547.985	/	( (9712.056	+	9020.754)	/ 2 )
	=	547.985	/	9366.405
	=	5.85 %

Asia Pacific No.3 Ship Investment Co's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	549.572	/	( ( (9438.282 - 85.832)	+	(9416.96 - 89.823) )	/ 2 )
	=	549.572	/	( ( 9352.45	+	9327.137 )	/ 2 )
	=	549.572	/	9339.7935
	=	5.88 %

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

Asia Pacific No.3 Ship Investment Co (XKRX:081200) 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.

Asia Pacific No.3 Ship Investment Co ROCE % Related Terms

Thank you for viewing the detailed overview of Asia Pacific No.3 Ship Investment Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia Pacific No.3 Ship Investment Co (XKRX:081200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Asia Pacific No.3 Ship Investment Co Ltd (XKRX:081200) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.koreashipfinance.com

Asia Pacific No.3 Ship Investment Co Ltd is a ship-fund managing company. The fund activities are acquisition of ship, operation and investment of ship, equity and debt financing of ship and ship management.

Asia Pacific No.3 Ship Investment Co (XKRX:081200) Headlines

No Headlines