National Tax Credit Partners LP (National Tax Credit Partners LP) ROCE % : 0.00% (As of Dec. 2012)

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What is National Tax Credit Partners LP 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. National Tax Credit Partners LP's annualized ROCE % for the quarter that ended in Dec. 2012 was 0.00%.

National Tax Credit Partners LP ROCE % Historical Data

The historical data trend for National Tax Credit Partners LP'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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National Tax Credit Partners LP ROCE % Chart

National Tax Credit Partners LP Annual Data

Trend

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Dec12

ROCE %

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National Tax Credit Partners LP Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
ROCE %	Get a 7-Day Free Trial			-	-	-	-	-

National Tax Credit Partners LP ROCE % Calculation

National Tax Credit Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-0.189	/	( ( (0.11 - 1.176)	+	(0.064 - 1.269) )	/ 2 )
	=	-0.189	/	( (-1.066	+	-1.205)	/ 2 )
	=	-0.189	/	-1.1355
	=	16.64 %

National Tax Credit Partners LP's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	-0.189	/	( ( (0.11 - 1.176)	+	(0.064 - 1.269) )	/ 2 )
	=	-0.189	/	( ( -1.066	+	-1.205 )	/ 2 )
	=	-0.189	/	-1.1355
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

National Tax Credit Partners LP (OTCPK:NTXCZ) 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.

National Tax Credit Partners LP ROCE % Related Terms

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National Tax Credit Partners LP (National Tax Credit Partners LP) Business Description

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National Tax Credit Partners, L.P. is a limited partnership formed under the laws of the State of California on March 7, 1989. The Partnership was formed to invest primarily in other limited partnerships (the Local Partnerships) which own or lease and operate multifamily housing complexes that are eligible for low-income housing tax credits, or in certain cases, historic rehabilitation tax credits (Tax Credits). The general partner of the Partnership (the General Partner) is National Partnership Investments Corp. The Partnership holds limited partnership interests in twelve Local Partnerships, located in six states and Puerto Rico. The Local Partnerships own residential projects consisting of 682 apartment units.

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