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Antonov (XAMS:ATVAM) ROCE % : 0.00% (As of Jun. 2011)


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What is Antonov 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. Antonov's annualized ROCE % for the quarter that ended in Jun. 2011 was 0.00%.

Antonov ROCE % Historical Data

The historical data trend for Antonov'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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Antonov ROCE % Chart

Antonov Annual Data
Trend Dec08 Dec09 Dec10
ROCE %
-318.79 -255.76 -70.79

Antonov Quarterly Data
Dec09 Jun10 Dec10 Jun11
ROCE % - - - -

Antonov ROCE % Calculation

Antonov's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2010 )  (A: Dec. 2009 )(A: Dec. 2010 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2010 )  (A: Dec. 2009 )(A: Dec. 2010 )
=-2.385/( ( (2.943 - 2.185) + (8.653 - 2.673) )/ 2 )
=-2.385/( (0.758+5.98)/ 2 )
=-2.385/3.369
=-70.79 %

Antonov's ROCE % of for the quarter that ended in Jun. 2011 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2011 )  (Q: Dec. 2010 )(Q: Jun. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2011 )  (Q: Dec. 2010 )(Q: Jun. 2011 )
=0/( ( (8.653 - 2.673) + (10.319 - 2.337) )/ 2 )
=0/( ( 5.98 + 7.982 )/ 2 )
=0/6.981
=0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2011) 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.

Antonov  (XAMS:ATVAM) 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.

Antonov ROCE % Related Terms

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