Alpha Strategic (LSE:APS) ROCE % : -76.58% (As of Sep. 2013)

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What is Alpha Strategic 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. Alpha Strategic's annualized ROCE % for the quarter that ended in Sep. 2013 was -76.58%.

Alpha Strategic ROCE % Historical Data

The historical data trend for Alpha Strategic'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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Alpha Strategic ROCE % Chart

Alpha Strategic Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

ROCE %

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-6.53

-17.14

-3.87

-5.38

-51.85

Alpha Strategic Semi-Annual Data
	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13
ROCE %	Get a 7-Day Free Trial										-0.84	-7.75	-85.86	-18.94	-76.58

Alpha Strategic ROCE % Calculation

Alpha Strategic's annualized ROCE % for the fiscal year that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	-2.161	/	( ( (5.337 - 0.093)	+	(3.208 - 0.117) )	/ 2 )
	=	-2.161	/	( (5.244	+	3.091)	/ 2 )
	=	-2.161	/	4.1675
	=	-51.85 %

Alpha Strategic's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Mar. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Mar. 2013 )		(Q: Sep. 2013 )
	=	-1.988	/	( ( (3.208 - 0.117)	+	(2.445 - 0.344) )	/ 2 )
	=	-1.988	/	( ( 3.091	+	2.101 )	/ 2 )
	=	-1.988	/	2.596
	=	-76.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2013) EBIT data.

Alpha Strategic (LSE:APS) 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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Alpha Strategic (LSE:APS) Business Description

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Address

Website

http://www.alphastrategic.co.uk

Alpha Strategic PLC is engaged in acquiring shares in, or entering joint ventures with, or providing services to, hedge fund management businesses, so as to acquire high quality diversified revenue streams. The group operates within the United Kingdom.

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