Bede (LSE:BED) ROCE % : -9.60% (As of Sep. 2007)

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What is Bede 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. Bede's annualized ROCE % for the quarter that ended in Sep. 2007 was -9.60%.

Bede ROCE % Historical Data

The historical data trend for Bede'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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Bede ROCE % Chart

Bede Annual Data

Trend

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

ROCE %

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-27.94

-34.29

-26.14

-41.89

-32.49

Bede Quarterly Data
	Mar02	Sep03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
ROCE %	Get a 7-Day Free Trial												-50.23	5.51	-39.33	-46.14	-9.60

Bede ROCE % Calculation

Bede's annualized ROCE % for the fiscal year that ended in Dec. 2006 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2006 )		(A: Dec. 2005 )		(A: Dec. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2006 )		(A: Dec. 2005 )		(A: Dec. 2006 )
	=	-4.447	/	( ( (18.522 - 3.075)	+	(13.088 - 1.16) )	/ 2 )
	=	-4.447	/	( (15.447	+	11.928)	/ 2 )
	=	-4.447	/	13.6875
	=	-32.49 %

Bede's ROCE % of for the quarter that ended in Sep. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2007 )		(Q: Jun. 2007 )		(Q: Sep. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2007 )		(Q: Jun. 2007 )		(Q: Sep. 2007 )
	=	-0.948	/	( ( (11.602 - 1.665)	+	(12.249 - 2.427) )	/ 2 )
	=	-0.948	/	( ( 9.937	+	9.822 )	/ 2 )
	=	-0.948	/	9.8795
	=	-9.60 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2007) EBIT data.

Bede (LSE:BED) 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.

Bede ROCE % Related Terms

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Bede (LSE:BED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Bede PLC (LSE:BED) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Website

http://www.bede.com

Bede PLC is engaged in designing, manufacturing, integration, sale and service of X-ray metrology tools for the semiconductor industry. The group comprises two business segments: Design, manufacture, integration and sale of X-ray metrology tools; and Service of X-ray metrology tools for the semiconductor industry.

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