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Altero AB (XSAT:ATO B) ROCE % : -80.05% (As of Sep. 2012)


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What is Altero AB 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. Altero AB's annualized ROCE % for the quarter that ended in Sep. 2012 was -80.05%.

Altero AB ROCE % Historical Data

The historical data trend for Altero AB'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.

Altero AB ROCE % Chart

Altero AB Annual Data
Trend Dec08 Dec09 Dec10
ROCE %
-17.68 -1.76 -47.12

Altero AB Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Mar12 Jun12 Sep12
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -25.16 -22.06 -34.57 -171.98 -80.05

Altero AB ROCE % Calculation

Altero AB'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 )
=-19.737/( ( (62.537 - 12.45) + (50.365 - 16.687) )/ 2 )
=-19.737/( (50.087+33.678)/ 2 )
=-19.737/41.8825
=-47.12 %

Altero AB'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 )
=-6.6/( ( (33.768 - 24.881) + (33.847 - 26.245) )/ 2 )
=-6.6/( ( 8.887 + 7.602 )/ 2 )
=-6.6/8.2445
=-80.05 %

(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.

Altero AB  (XSAT:ATO B) 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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