Degama Software Solutions (Degama Software Solutions) ROCE % : -1.83% (As of Sep. 2004)

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What is Degama Software Solutions 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. Degama Software Solutions's annualized ROCE % for the quarter that ended in Sep. 2004 was -1.83%.

Degama Software Solutions ROCE % Historical Data

The historical data trend for Degama Software Solutions'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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Degama Software Solutions ROCE % Chart

Degama Software Solutions Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

ROCE %

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13.24

-13.75

-50.46

-83.27

-91.89

Degama Software Solutions Quarterly Data
	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04
ROCE %	Get a 7-Day Free Trial															-78.93	-139.78	-25.69	-50.22	-1.83

Degama Software Solutions ROCE % Calculation

Degama Software Solutions's annualized ROCE % for the fiscal year that ended in Dec. 2003 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2003 )		(A: Dec. 2002 )		(A: Dec. 2003 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2003 )		(A: Dec. 2002 )		(A: Dec. 2003 )
	=	-1.921	/	( ( (6.388 - 3.761)	+	(2.565 - 1.011) )	/ 2 )
	=	-1.921	/	( (2.627	+	1.554)	/ 2 )
	=	-1.921	/	2.0905
	=	-91.89 %

Degama Software Solutions's ROCE % of for the quarter that ended in Sep. 2004 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2004 )		(Q: Jun. 2004 )		(Q: Sep. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2004 )		(Q: Jun. 2004 )		(Q: Sep. 2004 )
	=	-0.36	/	( ( (75.425 - 55.322)	+	(75.423 - 56.288) )	/ 2 )
	=	-0.36	/	( ( 20.103	+	19.135 )	/ 2 )
	=	-0.36	/	19.619
	=	-1.83 %

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

Degama Software Solutions (GREY:DGMA) 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.

Degama Software Solutions ROCE % Related Terms

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Degama Software Solutions (Degama Software Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Degama Software Solutions Inc (GREY:DGMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

1280 B-9 Bison, Suite 21, Newport Beach, CA, USA, 92660

Website

http://www.degamasoftwaresolutions.com

Degama Software Solutions Inc develops and markets proprietary location based software solutions and applications for consumers and businesses.

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