Alabama Aircraft Industries (Alabama Aircraft Industries) ROCE % : 1.45% (As of Dec. 2008)

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What is Alabama Aircraft Industries 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. Alabama Aircraft Industries's annualized ROCE % for the quarter that ended in Dec. 2008 was 1.45%.

Alabama Aircraft Industries ROCE % Historical Data

The historical data trend for Alabama Aircraft Industries'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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Alabama Aircraft Industries ROCE % Chart

Alabama Aircraft Industries Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

ROCE %

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-0.65

-18.46

-6.82

-19.62

-1.62

Alabama Aircraft Industries Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
ROCE %	Get a 7-Day Free Trial															-23.24	15.59	-13.74	-21.94	1.45

Alabama Aircraft Industries ROCE % Calculation

Alabama Aircraft Industries's annualized ROCE % for the fiscal year that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	-0.471	/	( ( (46.345 - 12.427)	+	(36.079 - 11.823) )	/ 2 )
	=	-0.471	/	( (33.918	+	24.256)	/ 2 )
	=	-0.471	/	29.087
	=	-1.62 %

Alabama Aircraft Industries's ROCE % of for the quarter that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2008 )		(Q: Sep. 2008 )		(Q: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2008 )		(Q: Sep. 2008 )		(Q: Dec. 2008 )
	=	0.332	/	( ( (36.225 - 14.818)	+	(36.079 - 11.823) )	/ 2 )
	=	0.332	/	( ( 21.407	+	24.256 )	/ 2 )
	=	0.332	/	22.8315
	=	1.45 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2008) EBIT data.

Alabama Aircraft Industries (OTCPK:AAIIQ) 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.

Alabama Aircraft Industries ROCE % Related Terms

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Alabama Aircraft Industries (Alabama Aircraft Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Alabama Aircraft Industries Inc (OTCPK:AAIIQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1943 North 50th Street, Birmingham, AL, USA, 35212

Website

http://www.pemcoair.com

Alabama Aircraft Industries Inc is an aerospace & defense company, which provides aircraft maintenance & modification services to the U.S. Government, including complete airframe inspection, maintenance, repair & custom airframe design & modification.

Executives

Hugh Steven Wilson	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Tennenbaum	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
Tennenbaum Capital Partners Llc	10 percent owner	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Tennenbaum & Co Llc	10 percent owner	1999 AVENUE OF THE STARS, LOS ANGELES CA 90067-6100
Peter Thiel	other: See Footnote (1)	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069

Alabama Aircraft Industries (Alabama Aircraft Industries) Headlines

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