Poseidon Concepts (Poseidon Concepts) ROCE % : 27.74% (As of Sep. 2012)

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What is Poseidon Concepts 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. Poseidon Concepts's annualized ROCE % for the quarter that ended in Sep. 2012 was 27.74%.

Poseidon Concepts ROCE % Historical Data

The historical data trend for Poseidon Concepts'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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Poseidon Concepts ROCE % Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

ROCE %

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1.88

4.17

-5.52

2.48

64.05

Poseidon Concepts Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
ROCE %	Get a 7-Day Free Trial										34.26	86.43	260.74	129.15	27.74

Poseidon Concepts ROCE % Calculation

Poseidon Concepts'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 )
	=	59.93	/	( ( (230.13 - 61.283)	+	(100.522 - 82.224) )	/ 2 )
	=	59.93	/	( (168.847	+	18.298)	/ 2 )
	=	59.93	/	93.5725
	=	64.05 %

Poseidon Concepts's ROCE % of for the quarter that ended in Sep. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2012 )		(Q: Jun. 2012 )		(Q: Sep. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2012 )		(Q: Jun. 2012 )		(Q: Sep. 2012 )
	=	44.236	/	( ( (187.509 - 36.917)	+	(206.257 - 37.93) )	/ 2 )
	=	44.236	/	( ( 150.592	+	168.327 )	/ 2 )
	=	44.236	/	159.4595
	=	27.74 %

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

Poseidon Concepts (GREY:POOSF) 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.

Poseidon Concepts ROCE % Related Terms

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Poseidon Concepts (Poseidon Concepts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Poseidon Concepts Corp (GREY:POOSF) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

645 - 7th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 4G8

Website

http://www.poseidonconcepts.com

Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.

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