First Republic of America (First Republic of America) ROCE % : 1.22% (As of Mar. 2004)

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What is First Republic of America 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. First Republic of America's annualized ROCE % for the quarter that ended in Mar. 2004 was 1.22%.

First Republic of America ROCE % Historical Data

The historical data trend for First Republic of America'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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First Republic of America ROCE % Chart

First Republic of America Annual Data

Trend

Jun01

Jun02

Jun03

ROCE %

16.55

-1.29

-1.50

First Republic of America Quarterly Data
	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04
ROCE %	Get a 7-Day Free Trial							-3.54	-3.36	1.60	-29.05	1.22

First Republic of America ROCE % Calculation

First Republic of America's annualized ROCE % for the fiscal year that ended in Jun. 2003 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2003 )		(A: Jun. 2002 )		(A: Jun. 2003 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2003 )		(A: Jun. 2002 )		(A: Jun. 2003 )
	=	-1.364	/	( ( (98.982 - 6.113)	+	(100.374 - 11.88) )	/ 2 )
	=	-1.364	/	( (92.869	+	88.494)	/ 2 )
	=	-1.364	/	90.6815
	=	-1.50 %

First Republic of America's ROCE % of for the quarter that ended in Mar. 2004 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2004 )		(Q: Dec. 2003 )		(Q: Mar. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2004 )		(Q: Dec. 2003 )		(Q: Mar. 2004 )
	=	0.956	/	( ( (95.116 - 13.51)	+	(93.948 - 19.312) )	/ 2 )
	=	0.956	/	( ( 81.606	+	74.636 )	/ 2 )
	=	0.956	/	78.121
	=	1.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2004) EBIT data.

First Republic of America (OTCPK:FRPC) 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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First Republic of America (First Republic of America) Business Description

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