Regency Affiliates (Regency Affiliates) ROCE % : -2.62% (As of Sep. 2011)

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What is Regency Affiliates 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. Regency Affiliates's annualized ROCE % for the quarter that ended in Sep. 2011 was -2.62%.

Regency Affiliates ROCE % Historical Data

The historical data trend for Regency Affiliates'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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Regency Affiliates ROCE % Chart

Regency Affiliates Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

ROCE %

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4.00

8.78

-6.19

-5.82

13.59

Regency Affiliates Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
ROCE %	Get a 7-Day Free Trial															-5.13	66.06	-3.98	-2.36	-2.62

Regency Affiliates ROCE % Calculation

Regency Affiliates'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 )
	=	3.181	/	( ( (24.052 - 0.556)	+	(23.658 - 0.328) )	/ 2 )
	=	3.181	/	( (23.496	+	23.33)	/ 2 )
	=	3.181	/	23.413
	=	13.59 %

Regency Affiliates's ROCE % of for the quarter that ended in Sep. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	-0.656	/	( ( (24.819 - 0.345)	+	(25.901 - 0.321) )	/ 2 )
	=	-0.656	/	( ( 24.474	+	25.58 )	/ 2 )
	=	-0.656	/	25.027
	=	-2.62 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

Regency Affiliates (OTCPK:RAFI) 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.

Regency Affiliates ROCE % Related Terms

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Regency Affiliates (Regency Affiliates) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Regency Affiliates Inc (OTCPK:RAFI) » Definitions » ROCE %

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Address

570 Lexington Avenue, 44th Floor, New York, NY, USA, 10022

Website

http://www.regencyaffiliates.com

Regency Affiliates Inc invests in assets that generate predictable and sustainable returns on capital. The company's objective is to generate long-term value for its shareholders. The management of the company seeks investment opportunities to meet business characteristics and valuation criteria.

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