Albemarle & Bond Holdings (LSE:ABM) ROCE % : 6.62% (As of Jun. 2013)

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What is Albemarle & Bond Holdings 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. Albemarle & Bond Holdings's annualized ROCE % for the quarter that ended in Jun. 2013 was 6.62%.

Albemarle & Bond Holdings ROCE % Historical Data

The historical data trend for Albemarle & Bond Holdings'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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Albemarle & Bond Holdings ROCE % Chart

Albemarle & Bond Holdings Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

ROCE %

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19.13

23.92

22.25

19.46

6.62

Albemarle & Bond Holdings Semi-Annual Data
	Jun92	Jun93	Jun94	Jun95	Jun96	Jun97	Jun98	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
ROCE %	Get a 7-Day Free Trial															19.13	23.92	22.25	19.46	6.62

Albemarle & Bond Holdings ROCE % Calculation

Albemarle & Bond Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	6.73	/	( ( (135.23 - 10.1)	+	(140.629 - 62.377) )	/ 2 )
	=	6.73	/	( (125.13	+	78.252)	/ 2 )
	=	6.73	/	101.691
	=	6.62 %

Albemarle & Bond Holdings's ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Jun. 2012 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Jun. 2012 )		(Q: Jun. 2013 )
	=	6.73	/	( ( (135.23 - 10.1)	+	(140.629 - 62.377) )	/ 2 )
	=	6.73	/	( ( 125.13	+	78.252 )	/ 2 )
	=	6.73	/	101.691
	=	6.62 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2013) EBIT data.

Albemarle & Bond Holdings (LSE:ABM) 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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Albemarle & Bond Holdings (LSE:ABM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Albemarle & Bond Holdings PLC (LSE:ABM) » Definitions » ROCE %

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Address

Website

http://www.albemarlebondplc.com

Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.