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Alector ROCE %

: -35.38% (As of Jun. 2020)
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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. Alector's annualized ROCE % for the quarter that ended in Jun. 2020 was -35.38%.


Alector ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Alector Annual Data
Dec16 Dec17 Dec18 Dec19
ROCE % -28.77 -25.02 -24.43 -36.88

Alector Quarterly Data
Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.54 -34.10 -34.45 -37.11 -35.38

Alector ROCE % Calculation

Alector's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=-114.404/( ( (308.359 - 47.948) + (421.913 - 61.97) )/ 2 )
=-114.404/( (260.411+359.943)/ 2 )
=-114.404/310.177
=-36.88 %

Alector's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2020 )  (Q: Mar. 2020 )(Q: Jun. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2020 )  (Q: Mar. 2020 )(Q: Jun. 2020 )
=-186.356/( ( (618.928 - 71.775) + (572.03 - 65.856) )/ 2 )
=-186.356/( ( 547.153 + 506.174 )/ 2 )
=-186.356/526.6635
=-35.38 %

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Alector  (NAS:ALEC) 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.


Alector ROCE % Related Terms


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