NoFire Technologies (NoFire Technologies) ROCE % : 0.00% (As of May. 2010)

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

NoFire Technologies ROCE % Historical Data

The historical data trend for NoFire 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.
* 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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NoFire Technologies ROCE % Chart

NoFire Technologies Annual Data

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ROCE %

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NoFire Technologies Quarterly Data
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NoFire Technologies ROCE % Calculation

NoFire Technologies's annualized ROCE % for the fiscal year that ended in Aug. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2009 )		(A: Aug. 2008 )		(A: Aug. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2009 )		(A: Aug. 2008 )		(A: Aug. 2009 )
	=	-0.944	/	( ( (0.348 - 5.691)	+	(0.348 - 5.691) )	/ 2 )
	=	-0.944	/	( (-5.343	+	-5.343)	/ 2 )
	=	-0.944	/	-5.343
	=	17.67 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2010 )		(Q: Feb. 2010 )		(Q: May. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2010 )		(Q: Feb. 2010 )		(Q: May. 2010 )
	=	-1.12	/	( ( (0.228 - 6.626)	+	(0.273 - 7.35) )	/ 2 )
	=	-1.12	/	( ( -6.398	+	-7.077 )	/ 2 )
	=	-1.12	/	-6.7375
	=	0 %

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

NoFire Technologies (OTCPK:NFTI) 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.

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NoFire Technologies (NoFire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoFire Technologies Inc (OTCPK:NFTI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5 James Street, South Hackensack, NJ, USA, 07606

Website

https://www.nofire.com

NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.

Executives

Andrew H Tisch

10 percent owner

667 MADISON AVE, NEW YORK NY 10021-8087

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