AVGPF (Avesco Group) ROCE % : 45.09% (As of Mar. 2016)

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What is Avesco Group 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. Avesco Group's annualized ROCE % for the quarter that ended in Mar. 2016 was 45.09%.

Avesco Group ROCE % Historical Data

The historical data trend for Avesco Group'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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Avesco Group ROCE % Chart

Avesco Group Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

ROCE %

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1.68

7.40

-10.85

0.82

7.24

Avesco Group Semi-Annual Data
	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16
ROCE %	Get a 7-Day Free Trial															-1.31	3.59	16.17	-2.31	45.09

Avesco Group ROCE % Calculation

Avesco Group's annualized ROCE % for the fiscal year that ended in Sep. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2015 )		(A: Sep. 2014 )		(A: Sep. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2015 )		(A: Sep. 2014 )		(A: Sep. 2015 )
	=	7.256	/	( ( (155.982 - 54.168)	+	(153.285 - 54.589) )	/ 2 )
	=	7.256	/	( (101.814	+	98.696)	/ 2 )
	=	7.256	/	100.255
	=	7.24 %

Avesco Group's ROCE % of for the quarter that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2016 )		(Q: Sep. 2015 )		(Q: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2016 )		(Q: Sep. 2015 )		(Q: Mar. 2016 )
	=	43.498	/	( ( (153.285 - 54.589)	+	(159.305 - 65.083) )	/ 2 )
	=	43.498	/	( ( 98.696	+	94.222 )	/ 2 )
	=	43.498	/	96.459
	=	45.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2016) EBIT data.

Avesco Group (OTCPK:AVGPF) 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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Avesco Group Business Description

Industry

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Address

Website

http://www.avesco.com

Avesco Group PLC was incorporated on February 2, 1984. The Company provides services to the corporate presentation, entertainment and broadcast markets. Its operating business segments are Creative Technology, Full Service and Broadcast Services. The creative technology provides specialist AV services and equipment to the live events, broadcast and entertainment markets. The full service segment provides full technical support for conferences, sports, music, corporate and television programs. The broadcast services segment provides broadcast equipment, systems and services to the broadcast industry. The Company has operations in the United Kingdom, Mainland Europe, United States of America, and other part of the World.

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