Turbodyne Technologies (Turbodyne Technologies) ROCE % : 0.00% (As of Dec. 2010)

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What is Turbodyne Technologies 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. Turbodyne Technologies's annualized ROCE % for the quarter that ended in Dec. 2010 was 0.00%.

Turbodyne Technologies ROCE % Historical Data

The historical data trend for Turbodyne Technologies'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.
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Turbodyne Technologies ROCE % Chart

Turbodyne Technologies Annual Data

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ROCE %

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Turbodyne Technologies Quarterly Data
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Turbodyne Technologies ROCE % Calculation

Turbodyne Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2011 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2011 )		(A: Dec. 2010 )		(A: Dec. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2011 )		(A: Dec. 2010 )		(A: Dec. 2011 )
	=	-0.87	/	( ( (0.009 - 2.35)	+	(0.025 - 2.442) )	/ 2 )
	=	-0.87	/	( (-2.341	+	-2.417)	/ 2 )
	=	-0.87	/	-2.379
	=	36.57 %

Turbodyne Technologies's ROCE % of for the quarter that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2010 )		(Q: Jun. 2010 )		(Q: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2010 )		(Q: Jun. 2010 )		(Q: Dec. 2010 )
	=	0	/	( ( (0.011 - 8.492)	+	(0.009 - 2.35) )	/ 2 )
	=	0	/	( ( -8.481	+	-2.341 )	/ 2 )
	=	0	/	-5.411
	=	0 %

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

Turbodyne Technologies (GREY:TRBD) 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.

Turbodyne Technologies ROCE % Related Terms

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Turbodyne Technologies (Turbodyne Technologies) Business Description

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Address

888 Seventh Avenue, 17th Floor, New York, NY, USA, 10106

Website

http://www.turbodyne.com

Turbodyne Technologies Inc designs and develops forced-air induction (air-charging) technologies that improve the performance of gas and diesel internal combustion engines.

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