Phoenix IT Group (LSE:PNX) ROCE % : 10.89% (As of Mar. 2015)

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What is Phoenix IT 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. Phoenix IT Group's annualized ROCE % for the quarter that ended in Mar. 2015 was 10.89%.

Phoenix IT Group ROCE % Historical Data

The historical data trend for Phoenix IT 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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Phoenix IT Group ROCE % Chart

Phoenix IT Group Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

ROCE %

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12.54

0.21

-27.83

-16.45

9.89

Phoenix IT Group Semi-Annual Data
	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15
ROCE %	Get a 7-Day Free Trial															7.99	4.23	-38.46	9.58	10.89

Phoenix IT Group ROCE % Calculation

Phoenix IT Group's annualized ROCE % for the fiscal year that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2015 )		(A: Mar. 2014 )		(A: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2015 )		(A: Mar. 2014 )		(A: Mar. 2015 )
	=	12.7	/	( ( (231.9 - 97.4)	+	(202.1 - 79.8) )	/ 2 )
	=	12.7	/	( (134.5	+	122.3)	/ 2 )
	=	12.7	/	128.4
	=	9.89 %

Phoenix IT Group's ROCE % of for the quarter that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2015 )		(Q: Sep. 2014 )		(Q: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2015 )		(Q: Sep. 2014 )		(Q: Mar. 2015 )
	=	13.2	/	( ( (210.4 - 90.2)	+	(202.1 - 79.8) )	/ 2 )
	=	13.2	/	( ( 120.2	+	122.3 )	/ 2 )
	=	13.2	/	121.25
	=	10.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2015) EBIT data.

Phoenix IT Group (LSE:PNX) 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.

Phoenix IT Group ROCE % Related Terms

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Phoenix IT Group (LSE:PNX) Business Description

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Website

http://www.phoenixitgroup.com

Phoenix IT Group PLC was incorporated on December 04, 1997. The Company provides managed IT infrastructure support services, including systems management, hosting, network infrastructure services, high-touch field services, project & consultancy services, business continuity and business availability services. The Company operates in three business segments: Business Continuity, Managed Services, and Partner. The Business continuity is engaged in the provision of business continuity and IT disaster recovery services. In partner segment, the Company is engaged in the provision of information technology services, networking support and infrastructure services; and Managed Services is engaged in the provision of information technology services and systems. The Company's operations are based entirely in the UK.