AAP (AAPJ) ROCE % : -2,532.52% (As of Sep. 2000)

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What is AAP 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. AAP's annualized ROCE % for the quarter that ended in Sep. 2000 was -2,532.52%.

AAP ROCE % Historical Data

The historical data trend for AAP'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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AAP ROCE % Chart

AAP Annual Data

Trend

Dec95

Dec96

Dec97

Dec98

ROCE %

-170.73

-177.36

-385.71

AAP Quarterly Data
	Sep95	Dec95	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Mar99	Jun99	Sep99	Mar00	Jun00	Sep00
ROCE %	Get a 7-Day Free Trial															-571.43	2,800.00	-227.33	-494.55	-2,532.52

AAP ROCE % Calculation

AAP's annualized ROCE % for the fiscal year that ended in Dec. 2098 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2098 )		(A: Dec. 2097 )		(A: Dec. 2098 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2098 )		(A: Dec. 2097 )		(A: Dec. 2098 )
	=	-2.7	/	( ( (1.1 - 0.8)	+	(1.6 - 0.5) )	/ 2 )
	=	-2.7	/	( (0.3	+	1.1)	/ 2 )
	=	-2.7	/	0.7
	=	-385.71 %

AAP's ROCE % of for the quarter that ended in Sep. 2000 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2000 )		(Q: Jun. 2000 )		(Q: Sep. 2000 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2000 )		(Q: Jun. 2000 )		(Q: Sep. 2000 )
	=	-2.064	/	( ( (0.703 - 0.367)	+	(0.212 - 0.385) )	/ 2 )
	=	-2.064	/	( ( 0.336	+	-0.173 )	/ 2 )
	=	-2.064	/	0.0815
	=	-2,532.52 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2000) EBIT data.

AAP (OTCPK:AAPJ) 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.

AAP ROCE % Related Terms

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