Alliance Recovery (Alliance Recovery) ROCE % : 0.00% (As of Sep. 2008)

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What is Alliance Recovery 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. Alliance Recovery's annualized ROCE % for the quarter that ended in Sep. 2008 was 0.00%.

Alliance Recovery ROCE % Historical Data

The historical data trend for Alliance Recovery'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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Alliance Recovery ROCE % Chart

Alliance Recovery Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

ROCE %

Alliance Recovery Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
ROCE %	Get a 7-Day Free Trial											-	-	-	-	-

Alliance Recovery ROCE % Calculation

Alliance Recovery's annualized ROCE % for the fiscal year that ended in Dec. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	-0.629	/	( ( (0.037 - 0.595)	+	(0.03 - 0.738) )	/ 2 )
	=	-0.629	/	( (-0.558	+	-0.708)	/ 2 )
	=	-0.629	/	-0.633
	=	99.37 %

Alliance Recovery's ROCE % of for the quarter that ended in Sep. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	-2.268	/	( ( (0.037 - 0.728)	+	(0.006 - 0.869) )	/ 2 )
	=	-2.268	/	( ( -0.691	+	-0.863 )	/ 2 )
	=	-2.268	/	-0.777
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2008) EBIT data.

Alliance Recovery (OTCPK:ARVY) 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.

Alliance Recovery ROCE % Related Terms

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Alliance Recovery (Alliance Recovery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alliance Recovery Corp (OTCPK:ARVY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 70, Kuangquan Street, Batong Town, Santai County, Mianyang, CHN, 621101

Website

http://www.alliancerecoverycorporation.com

Alliance Recovery Corp is engaged in selling health and nutrition functional health food, beauty and personal care products, liquor, ecological agriculture, and animal husbandry products.

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