Anite (ANTUY) ROCE % : 16.23% (As of Apr. 2015)

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What is Anite 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. Anite's annualized ROCE % for the quarter that ended in Apr. 2015 was 16.23%.

Anite ROCE % Historical Data

The historical data trend for Anite'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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Anite ROCE % Chart

Anite Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

ROCE %

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12.29

23.91

20.52

8.30

9.72

Anite Semi-Annual Data
	Oct05	Apr06	Oct06	Apr07	Oct07	Apr08	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15
ROCE %	Get a 7-Day Free Trial															19.64	-1.11	16.52	1.57	16.23

Anite ROCE % Calculation

Anite's annualized ROCE % for the fiscal year that ended in Apr. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2015 )		(A: Apr. 2014 )		(A: Apr. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2015 )		(A: Apr. 2014 )		(A: Apr. 2015 )
	=	20.753	/	( ( (313.759 - 118.672)	+	(313.515 - 81.439) )	/ 2 )
	=	20.753	/	( (195.087	+	232.076)	/ 2 )
	=	20.753	/	213.5815
	=	9.72 %

Anite's ROCE % of for the quarter that ended in Apr. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2015 )		(Q: Oct. 2014 )		(Q: Apr. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2015 )		(Q: Oct. 2014 )		(Q: Apr. 2015 )
	=	38.332	/	( ( (330.016 - 89.777)	+	(313.515 - 81.439) )	/ 2 )
	=	38.332	/	( ( 240.239	+	232.076 )	/ 2 )
	=	38.332	/	236.1575
	=	16.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2015) EBIT data.

Anite (OTCPK:ANTUY) 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.

Anite ROCE % Related Terms

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Anite (ANTUY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Anite PLC (OTCPK:ANTUY) » Definitions » ROCE %

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Address

Website

http://www.anite.com

Anite PLC is a company incorporated in United Kingdom on March 7, 1984. It is a wireless testing company engaged in developing the software and hardware helping deliver the mobile technologies. The Company provides mobile device, infrastructure and network testing systems including hardware and software. The Company operates in two segments; Handset testing and Network testing. The Handset testing is a wireless test system enabling manufacturers to design efficient chipsets, mobile devices and network equipment. The Network testing technology enables mobile network operators and manufacturers to test and optimise their networks. The Company's Handset testing products include; Development Testing, Conformance Testing, Interoperability Testing, Propsim OTA Testing, Propsim Virtual Drive Testing, Propsim 802.11ac/n Testing, Propsim MANET Testing, Propsim Aerospace Testing, & Triton. The Company's Network testing products include; Nemo Outdoor, Nemo Handy, Nemo Walker Air, Nemo Invex, Nemo FSR1, Nemo Autonomous, Nemo Commander, Nemo Analyze, Nemo CEM Observer, and Nemo CEM Solution. Its customers include Device manufacturers, Chipset manufacturers, Mobile network operators, Mobile network operators, and Independent test companies.

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