Ultrapay Limited (ASX:ULT) ROCE % : -320.31% (As of Dec. 2006)

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What is Ultrapay Limited 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. Ultrapay Limited's annualized ROCE % for the quarter that ended in Dec. 2006 was -320.31%.

Ultrapay Limited ROCE % Historical Data

The historical data trend for Ultrapay Limited'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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Ultrapay Limited ROCE % Chart

Ultrapay Limited Annual Data

Trend

Jun97

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

ROCE %

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-65.40

-41.85

11.12

-55.64

-261.02

Ultrapay Limited Semi-Annual Data
	Dec96	Jun97	Dec98	Jun99	Dec99	Jun00	Dec00	Jun01	Dec01	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06
ROCE %	Get a 7-Day Free Trial														-49.98	-63.25	-24.75	-340.98	-320.31

Ultrapay Limited ROCE % Calculation

Ultrapay Limited's annualized ROCE % for the fiscal year that ended in Jun. 2006 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2006 )		(A: Jun. 2005 )		(A: Jun. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2006 )		(A: Jun. 2005 )		(A: Jun. 2006 )
	=	-16.019	/	( ( (11.353 - 2.554)	+	(8.417 - 4.942) )	/ 2 )
	=	-16.019	/	( (8.799	+	3.475)	/ 2 )
	=	-16.019	/	6.137
	=	-261.02 %

Ultrapay Limited's ROCE % of for the quarter that ended in Dec. 2006 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2006 )		(Q: Jun. 2006 )		(Q: Dec. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2006 )		(Q: Jun. 2006 )		(Q: Dec. 2006 )
	=	-10.08	/	( ( (8.417 - 4.942)	+	(6.29 - 3.471) )	/ 2 )
	=	-10.08	/	( ( 3.475	+	2.819 )	/ 2 )
	=	-10.08	/	3.147
	=	-320.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2006) EBIT data.

Ultrapay Limited (ASX:ULT) 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.

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Ultrapay Limited (ASX:ULT) Business Description

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