Fortitude Group (Fortitude Group) ROCE % : 0.00% (As of Sep. 2010)

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What is Fortitude Group 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. Fortitude Group's annualized ROCE % for the quarter that ended in Sep. 2010 was 0.00%.

Fortitude Group ROCE % Historical Data

The historical data trend for Fortitude Group'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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Fortitude Group ROCE % Chart

Fortitude Group Annual Data

Trend

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Dec01

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Dec09

ROCE %

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-196.47

Fortitude Group Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
ROCE %	Get a 7-Day Free Trial															-155.72	-142.83	-63.90	-4,382.61	-

Fortitude Group ROCE % Calculation

Fortitude Group'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 )
	=	-0.779	/	( ( (1.154 - 0.852)	+	(1.056 - 0.565) )	/ 2 )
	=	-0.779	/	( (0.302	+	0.491)	/ 2 )
	=	-0.779	/	0.3965
	=	-196.47 %

Fortitude Group'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 )
	=	-0.26	/	( ( (0.093 - 0.518)	+	(0.226 - 0.534) )	/ 2 )
	=	-0.26	/	( ( -0.425	+	-0.308 )	/ 2 )
	=	-0.26	/	-0.3665
	=	0 %

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

Fortitude Group (OTCPK:FRTD) 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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Fortitude Group (Fortitude Group) Business Description

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Address

1001 State Street, Erie, PA, USA, 16501

Website

http://www.fortitudegroupinc.com

Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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