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Siraga (XPAR:ALSIR) ROCE % : 12.75% (As of Sep. 2011)


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What is Siraga 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. Siraga's annualized ROCE % for the quarter that ended in Sep. 2011 was 12.75%.

Siraga ROCE % Historical Data

The historical data trend for Siraga'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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Siraga ROCE % Chart

Siraga Annual Data
Trend Mar10 Mar11
ROCE %
24.49 7.25

Siraga Semi-Annual Data
Sep09 Mar10 Sep10 Mar11 Sep11
ROCE % -23.45 75.55 5.28 9.46 12.75

Siraga ROCE % Calculation

Siraga's annualized ROCE % for the fiscal year that ended in Mar. 2011 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2011 )  (A: Mar. 2010 )(A: Mar. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2011 )  (A: Mar. 2010 )(A: Mar. 2011 )
=0.755/( ( (32.284 - 21) + (29.34 - 19.784) )/ 2 )
=0.755/( (11.284+9.556)/ 2 )
=0.755/10.42
=7.25 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2011 )  (Q: Mar. 2011 )(Q: Sep. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2011 )  (Q: Mar. 2011 )(Q: Sep. 2011 )
=1.22/( ( (29.34 - 19.784) + (26.69 - 17.115) )/ 2 )
=1.22/( ( 9.556 + 9.575 )/ 2 )
=1.22/9.5655
=12.75 %

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

Siraga  (XPAR:ALSIR) 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.

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