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BCI Navigation (XPAR:BNA) ROCE % : -114.00% (As of Dec. 2011)


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What is BCI Navigation 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. BCI Navigation's annualized ROCE % for the quarter that ended in Dec. 2011 was -114.00%.


BCI Navigation ROCE % Historical Data

The historical data trend for BCI Navigation'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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BCI Navigation ROCE % Chart

BCI Navigation Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
ROCE %
26.67 -36.13 -167.67 -238.96 -114.00

BCI Navigation Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11
ROCE % 26.67 -36.13 -167.67 -238.96 -114.00

BCI Navigation ROCE % Calculation

BCI Navigation'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 )
=-0.969/( ( (1.531 - 0.516) + (1.26 - 0.575) )/ 2 )
=-0.969/( (1.015+0.685)/ 2 )
=-0.969/0.85
=-114.00 %

BCI Navigation's ROCE % of for the quarter that ended in Dec. 2011 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2011 )  (Q: Dec. 2010 )(Q: Dec. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2011 )  (Q: Dec. 2010 )(Q: Dec. 2011 )
=-0.969/( ( (1.531 - 0.516) + (1.26 - 0.575) )/ 2 )
=-0.969/( ( 1.015 + 0.685 )/ 2 )
=-0.969/0.85
=-114.00 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2011) EBIT data.

* 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.


BCI Navigation  (XPAR:BNA) 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.


BCI Navigation ROCE % Related Terms

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BCI Navigation (XPAR:BNA) Business Description

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BCI Navigation is engaged in the development of tools and software which include professional fleet management, cartographic database management tool and aircraft piloting assistance system by means of natural synthesis display.

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