Stonepath Group (Stonepath Group) ROCE % : -19.21% (As of Sep. 2006)

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What is Stonepath 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. Stonepath Group's annualized ROCE % for the quarter that ended in Sep. 2006 was -19.21%.

Stonepath Group ROCE % Historical Data

The historical data trend for Stonepath 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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Stonepath Group ROCE % Chart

Stonepath Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

ROCE %

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-12.74

2.24

8.75

3.28

-3.31

Stonepath Group Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
ROCE %	Get a 7-Day Free Trial															2.78	8.42	-8.65	-14.08	-19.21

Stonepath Group ROCE % Calculation

Stonepath Group's annualized ROCE % for the fiscal year that ended in Dec. 2005 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2005 )		(A: Dec. 2004 )		(A: Dec. 2005 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2005 )		(A: Dec. 2004 )		(A: Dec. 2005 )
	=	-1.811	/	( ( (122.946 - 68.931)	+	(135.282 - 80) )	/ 2 )
	=	-1.811	/	( (54.015	+	55.282)	/ 2 )
	=	-1.811	/	54.6485
	=	-3.31 %

Stonepath Group's ROCE % of for the quarter that ended in Sep. 2006 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2006 )		(Q: Jun. 2006 )		(Q: Sep. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2006 )		(Q: Jun. 2006 )		(Q: Sep. 2006 )
	=	-6.852	/	( ( (120.976 - 72.345)	+	(98.918 - 76.194) )	/ 2 )
	=	-6.852	/	( ( 48.631	+	22.724 )	/ 2 )
	=	-6.852	/	35.6775
	=	-19.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2006) EBIT data.

Stonepath Group (OTCPK:SGRZ) 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.

Stonepath Group ROCE % Related Terms

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Stonepath Group (Stonepath Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stonepath Group Inc (OTCPK:SGRZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121

Website

http://www.stonepath.com

Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.

Executives

Dennis L Pelino	director
Bohn H Crain	officer: Chief Financial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen	officer: General Counsel	1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

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