Annie′s (FRA:ANX) ROCE % : -8.94% (As of Jun. 2014)

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What is Annie′s 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. Annie′s's annualized ROCE % for the quarter that ended in Jun. 2014 was -8.94%.

Annie′s ROCE % Historical Data

The historical data trend for Annie′s'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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Annie′s ROCE % Chart

Annie′s Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

ROCE %

15.55

30.01

29.42

29.02

31.95

Annie′s Quarterly Data
	Mar11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
ROCE %	Get a 7-Day Free Trial								20.51	51.07	24.40	40.55	-8.94

Annie′s ROCE % Calculation

Annie′s's annualized ROCE % for the fiscal year that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	18.914	/	( ( (69.121 - 12.763)	+	(74.932 - 12.887) )	/ 2 )
	=	18.914	/	( (56.358	+	62.045)	/ 2 )
	=	18.914	/	59.2015
	=	31.95 %

Annie′s's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	-5.692	/	( ( (74.932 - 12.887)	+	(79.945 - 14.622) )	/ 2 )
	=	-5.692	/	( ( 62.045	+	65.323 )	/ 2 )
	=	-5.692	/	63.684
	=	-8.94 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

Annie′s (FRA:ANX) 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.

Annie′s ROCE % Related Terms

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Annie′s (FRA:ANX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Annie′s Inc (FRA:ANX) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Website

http://www.annies.com

Annie's Inc is engaged in the production, marketing, and distribution of natural and organic food products. Its product line comprise of meals, snacks, dressings, condiments, and other products.

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