GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lumitek Corp (ROCO:3575) » Definitions » ROCE %

Lumitek (ROCO:3575) ROCE % : -12.30% (As of Jun. 2012)


View and export this data going back to . Start your Free Trial

What is Lumitek 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. Lumitek's annualized ROCE % for the quarter that ended in Jun. 2012 was -12.30%.

Lumitek ROCE % Historical Data

The historical data trend for Lumitek'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.

* Premium members only.

Lumitek ROCE % Chart

Lumitek Annual Data
Trend Dec11
ROCE %
-8.30

Lumitek Semi-Annual Data
Jun11 Dec11 Jun12
ROCE % -0.75 -15.57 -12.30

Lumitek ROCE % Calculation

Lumitek'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: . 20 )(A: Dec. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2011 )  (A: . 20 )(A: Dec. 2011 )
=/( ( ( - ) + ( - ) )/ )
=/( (+)/ )
=/
= %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2012 )  (Q: Dec. 2011 )(Q: Jun. 2012 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2012 )  (Q: Dec. 2011 )(Q: Jun. 2012 )
=-94.026/( ( (953.878 - 124.561) + (792.877 - 92.836) )/ 2 )
=-94.026/( ( 829.317 + 700.041 )/ 2 )
=-94.026/764.679
=-12.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2012) 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.

Lumitek  (ROCO:3575) 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.

Lumitek ROCE % Related Terms

Thank you for viewing the detailed overview of Lumitek's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lumitek (ROCO:3575) Headlines

No Headlines