Aveo Healthcare (ASX:AEH) ROCE % : -3.07% (As of Dec. 2013)

View and export this data going back to . Start your Free Trial

What is Aveo Healthcare 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. Aveo Healthcare's annualized ROCE % for the quarter that ended in Dec. 2013 was -3.07%.

Aveo Healthcare ROCE % Historical Data

The historical data trend for Aveo Healthcare'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.

Aveo Healthcare ROCE % Chart

Aveo Healthcare Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

ROCE %

Get a 7-Day Free Trial

3.12

8.81

15.76

-17.34

-1.06

Aveo Healthcare Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
ROCE %	Get a 7-Day Free Trial															10.72	-44.72	-3.35	1.30	-3.07

Aveo Healthcare ROCE % Calculation

Aveo Healthcare's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	-3.463	/	( ( (627.848 - 292.121)	+	(616.036 - 298.672) )	/ 2 )
	=	-3.463	/	( (335.727	+	317.364)	/ 2 )
	=	-3.463	/	326.5455
	=	-1.06 %

Aveo Healthcare's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Jun. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Jun. 2013 )		(Q: Dec. 2013 )
	=	-9.606	/	( ( (616.036 - 298.672)	+	(607.126 - 298.664) )	/ 2 )
	=	-9.606	/	( ( 317.364	+	308.462 )	/ 2 )
	=	-9.606	/	312.913
	=	-3.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2013) EBIT data.

Aveo Healthcare (ASX:AEH) 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.

Aveo Healthcare ROCE % Related Terms

Thank you for viewing the detailed overview of Aveo Healthcare's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aveo Healthcare (ASX:AEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aveo Healthcare Ltd (ASX:AEH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://aveohealthcare.com.au

Aveo Healthcare Ltd provides retirement communities in South-East Queensland. The Company's healthcare's portfolio comprises five retirement villages, located in Albany Creet, Clayfield, Cleveland, Durack and Taringa.