API Group (LSE:APIA) ROCE % : 11.07% (As of Sep. 2014)

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What is API 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. API Group's annualized ROCE % for the quarter that ended in Sep. 2014 was 11.07%.

API Group ROCE % Historical Data

The historical data trend for API 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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API Group ROCE % Chart

API Group Annual Data

Trend

Sep04

Sep05

Sep06

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

ROCE %

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5.73

12.36

18.28

16.61

14.89

API Group Semi-Annual Data
	Sep04	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14
ROCE %	Get a 7-Day Free Trial															23.06	13.12	15.67	16.47	11.07

API Group ROCE % Calculation

API Group's annualized ROCE % for the fiscal year that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	6.724	/	( ( (68.696 - 26.567)	+	(71.889 - 23.699) )	/ 2 )
	=	6.724	/	( (42.129	+	48.19)	/ 2 )
	=	6.724	/	45.1595
	=	14.89 %

API Group's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Mar. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Mar. 2014 )		(Q: Sep. 2014 )
	=	5.546	/	( ( (71.889 - 23.699)	+	(74.038 - 22.071) )	/ 2 )
	=	5.546	/	( ( 48.19	+	51.967 )	/ 2 )
	=	5.546	/	50.0785
	=	11.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2014) EBIT data.

API Group (LSE:APIA) 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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API Group (LSE:APIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » API Group PLC (LSE:APIA) » Definitions » ROCE %

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Address

Website

http://www.apigroup.com

API Group PLC is a manufacturer and distributor of foils, laminates and holographic materials. The firm offers metalized film laminates, holographic laminates, aluminum foil laminates, metallic hot stamping foils, cold foils, and custom holograms. The company segmented its operating activities into following reportable segments: Laminates, Foils Europe, Foils Americas, and Holographic. Its primary geographic markets are the United Kingdom, Rest of Europe, Americas, Asia Pacific, and Africa. The company serves clients in various industries including food and confectionery; wines, beers, and spirits; tobacco; cosmetics and perfumes; home and household care, among others.

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