Restance (Restance) ROCE % : -54.90% (As of Sep. 2013)

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What is Restance 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. Restance's annualized ROCE % for the quarter that ended in Sep. 2013 was -54.90%.

Restance ROCE % Historical Data

The historical data trend for Restance'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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Restance ROCE % Chart

Restance Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

ROCE %

-37.50

-53.21

-60.54

Restance Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial													-36.67	-85.44	-76.65	-134.35	-54.90

Restance ROCE % Calculation

Restance'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 )
	=	-0.079	/	( ( (0.18 - 0.01)	+	(0.107 - 0.016) )	/ 2 )
	=	-0.079	/	( (0.17	+	0.091)	/ 2 )
	=	-0.079	/	0.1305
	=	-60.54 %

Restance'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 )
	=	-0.028	/	( ( (0.071 - 0.016)	+	(0.063 - 0.016) )	/ 2 )
	=	-0.028	/	( ( 0.055	+	0.047 )	/ 2 )
	=	-0.028	/	0.051
	=	-54.90 %

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

Restance (OTCPK:ANCE) 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.

Restance ROCE % Related Terms

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Restance (Restance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Restance Inc (OTCPK:ANCE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Madison Avenue, 21st Floor, New York, NY, USA, 10017

Website

Restance Inc is engaged in investment in real estate.

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