Thames River Multi Hedge PCC (LSE:TRMA) ROCE % : -0.08% (As of Sep. 2012)

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What is Thames River Multi Hedge PCC 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. Thames River Multi Hedge PCC's annualized ROCE % for the quarter that ended in Sep. 2012 was -0.08%.

Thames River Multi Hedge PCC ROCE % Historical Data

The historical data trend for Thames River Multi Hedge PCC'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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Thames River Multi Hedge PCC ROCE % Chart

Thames River Multi Hedge PCC Annual Data

Trend

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

ROCE %

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10.49

-69.30

15.50

4.01

-14.58

Thames River Multi Hedge PCC Semi-Annual Data
	Mar12	Sep12
ROCE %	27.49	-0.08

Thames River Multi Hedge PCC ROCE % Calculation

Thames River Multi Hedge PCC's annualized ROCE % for the fiscal year that ended in Mar. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2012 )		(A: Mar. 2011 )		(A: Mar. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2012 )		(A: Mar. 2011 )		(A: Mar. 2012 )
	=	-19.306	/	( ( (248.26 - 41.341)	+	(116.649 - 58.789) )	/ 2 )
	=	-19.306	/	( (206.919	+	57.86)	/ 2 )
	=	-19.306	/	132.3895
	=	-14.58 %

Thames River Multi Hedge PCC's ROCE % of for the quarter that ended in Sep. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2012 )		(Q: Mar. 2012 )		(Q: Sep. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2012 )		(Q: Mar. 2012 )		(Q: Sep. 2012 )
	=	-0.048	/	( ( (116.649 - 58.789)	+	(57.152 - 0.533) )	/ 2 )
	=	-0.048	/	( ( 57.86	+	56.619 )	/ 2 )
	=	-0.048	/	57.2395
	=	-0.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2012) EBIT data.

Thames River Multi Hedge PCC (LSE:TRMA) 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.

Thames River Multi Hedge PCC ROCE % Related Terms

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Thames River Multi Hedge PCC (LSE:TRMA) Business Description

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Thames River Multi Hedge PCC Ltd is an investment company. Its objective is to produce attractive absolute returns relative to the level of risk assumed, through a dynamic multi manager approach.

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