Signature Eyewear (Signature Eyewear) ROCE % : 2.91% (As of Apr. 2011)

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What is Signature Eyewear 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. Signature Eyewear's annualized ROCE % for the quarter that ended in Apr. 2011 was 2.91%.

Signature Eyewear ROCE % Historical Data

The historical data trend for Signature Eyewear'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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Signature Eyewear ROCE % Chart

Signature Eyewear Annual Data

Trend

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

ROCE %

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22.53

26.53

17.37

16.51

11.59

Signature Eyewear Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11
ROCE %	Get a 7-Day Free Trial															15.08	13.76	6.29	8.36	2.91

Signature Eyewear ROCE % Calculation

Signature Eyewear's annualized ROCE % for the fiscal year that ended in Oct. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2010 )		(A: Oct. 2009 )		(A: Oct. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2010 )		(A: Oct. 2009 )		(A: Oct. 2010 )
	=	0.644	/	( ( (10.854 - 5.486)	+	(10.698 - 4.951) )	/ 2 )
	=	0.644	/	( (5.368	+	5.747)	/ 2 )
	=	0.644	/	5.5575
	=	11.59 %

Signature Eyewear's ROCE % of for the quarter that ended in Apr. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2011 )		(Q: Jan. 2011 )		(Q: Apr. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2011 )		(Q: Jan. 2011 )		(Q: Apr. 2011 )
	=	0.176	/	( ( (10.935 - 4.907)	+	(10.338 - 4.285) )	/ 2 )
	=	0.176	/	( ( 6.028	+	6.053 )	/ 2 )
	=	0.176	/	6.0405
	=	2.91 %

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

Signature Eyewear (OTCPK:SEYE) 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.

Signature Eyewear ROCE % Related Terms

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Signature Eyewear (Signature Eyewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Signature Eyewear Inc (OTCPK:SEYE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

317 Isis Avenue 207, Inglewood, CA, USA, 90301

Website

http://www.signatureeyewear.com

Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

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