Elevate (Elevate) ROCE % : 0.00% (As of Feb. 2012)

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What is Elevate 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. Elevate's annualized ROCE % for the quarter that ended in Feb. 2012 was 0.00%.

Elevate ROCE % Historical Data

The historical data trend for Elevate'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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Elevate ROCE % Chart

Elevate Annual Data

Trend

May07

May08

May09

May10

May11

ROCE %

-133.33

-288.89

Elevate Quarterly Data
	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12
ROCE %	Get a 7-Day Free Trial															-68,800.00	-	-	-	-

Elevate ROCE % Calculation

Elevate's annualized ROCE % for the fiscal year that ended in May. 2011 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2011 )		(A: May. 2010 )		(A: May. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2011 )		(A: May. 2010 )		(A: May. 2011 )
	=	-1.167	/	( ( (0.005 - 0.164)	+	(0.126 - 1.421) )	/ 2 )
	=	-1.167	/	( (-0.159	+	-1.295)	/ 2 )
	=	-1.167	/	-0.727
	=	160.52 %

Elevate's ROCE % of for the quarter that ended in Feb. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2012 )		(Q: Nov. 2011 )		(Q: Feb. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2012 )		(Q: Nov. 2011 )		(Q: Feb. 2012 )
	=	-2.94	/	( ( (0.312 - 1.976)	+	(0.528 - 2.067) )	/ 2 )
	=	-2.94	/	( ( -1.664	+	-1.539 )	/ 2 )
	=	-2.94	/	-1.6015
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2012) EBIT data.

Elevate (OTCPK:ELEV) 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.

Elevate ROCE % Related Terms

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Elevate (Elevate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Elevate Inc (OTCPK:ELEV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.goelevate.com

Elevate Inc is incorporated on February 24, 2006 in the State of Nevada. The Company's business plan is to focus its operations on the development of a diverse network of individuals and firms that can offer their professional services to public companies. The Company's target market is primarily small companies that plan to go public, are about to go public, or are experiencing a transitional phase where they are in need of certain management personnel. These companies often need assistance either short term or long term to ensure SEC compliance. Using its service provider database, Highland will refer qualified professionals to these companies for employment as independent contractors. Highland will charge a referral fee to the service provider of a negotiated percentage for a negotiated period of time based on the specific partnership.