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Acegas-APS (LTS:0DH2) ROCE % : 7.29% (As of Sep. 2012)


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What is Acegas-APS 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. Acegas-APS's annualized ROCE % for the quarter that ended in Sep. 2012 was 7.29%.

Acegas-APS ROCE % Historical Data

The historical data trend for Acegas-APS'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.

* Premium members only.

Acegas-APS ROCE % Chart

Acegas-APS Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
ROCE %
Get a 7-Day Free Trial 4.56 6.09 6.74 6.77 7.17

Acegas-APS Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.38 8.06 10.06 5.78 7.29

Acegas-APS ROCE % Calculation

Acegas-APS's annualized ROCE % for the fiscal year that ended in Dec. 2011 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=52.588/( ( (1101.571 - 361.25) + (1253.48 - 526.718) )/ 2 )
=52.588/( (740.321+726.762)/ 2 )
=52.588/733.5415
=7.17 %

Acegas-APS'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: Jun. 2012 )(Q: Sep. 2012 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2012 )  (Q: Jun. 2012 )(Q: Sep. 2012 )
=48.756/( ( (1108.275 - 452.099) + (1113.357 - 432.481) )/ 2 )
=48.756/( ( 656.176 + 680.876 )/ 2 )
=48.756/668.526
=7.29 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2012) EBIT data.

* 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.

Acegas-APS  (LTS:0DH2) 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.

Acegas-APS ROCE % Related Terms

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