American Metal & Technology (American Metal & Technology) ROCE % : 10.97% (As of Sep. 2010)

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What is American Metal & Technology 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. American Metal & Technology's annualized ROCE % for the quarter that ended in Sep. 2010 was 10.97%.

American Metal & Technology ROCE % Historical Data

The historical data trend for American Metal & Technology'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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American Metal & Technology ROCE % Chart

American Metal & Technology Annual Data

Trend

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul06

Dec07

Dec08

Dec09

ROCE %

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-2,480.00

34.32

26.26

-5.75

American Metal & Technology Quarterly Data
	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
ROCE %	Get a 7-Day Free Trial															-7.84	-10.42	-1.52	10.48	10.97

American Metal & Technology ROCE % Calculation

American Metal & Technology's annualized ROCE % for the fiscal year that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	-0.966	/	( ( (19.709 - 2.814)	+	(18.362 - 1.682) )	/ 2 )
	=	-0.966	/	( (16.895	+	16.68)	/ 2 )
	=	-0.966	/	16.7875
	=	-5.75 %

American Metal & Technology's ROCE % of for the quarter that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	1.904	/	( ( (18.712 - 1.708)	+	(19.955 - 2.252) )	/ 2 )
	=	1.904	/	( ( 17.004	+	17.703 )	/ 2 )
	=	1.904	/	17.3535
	=	10.97 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

American Metal & Technology (OTCPK:AMGY) 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.

American Metal & Technology ROCE % Related Terms

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American Metal & Technology (American Metal & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » American Metal & Technology Inc (OTCPK:AMGY) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, CHN, 100041

Website

http://www.amtg-usa.com

American Metal & Technology Inc through its subsidiaries is engaged in precision casting, machining, mold design and manufacturing in the People's Republic of China. It manufacture investment casting and machined products, including valves, pipe fittings, dispensers, machinery spare parts, water treatment parts, automotive and airplane accessories, electronic circuit boards for home appliances and motion controllers, and other equipment parts.

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