Avitar (Avitar) ROCE % : 0.00% (As of Dec. 2007)

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What is Avitar 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. Avitar's annualized ROCE % for the quarter that ended in Dec. 2007 was 0.00%.

Avitar ROCE % Historical Data

The historical data trend for Avitar'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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Avitar ROCE % Chart

Avitar Annual Data

Trend

Sep98

Sep99

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

ROCE %

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-286.24

-832.28

Avitar Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Avitar ROCE % Calculation

Avitar's annualized ROCE % for the fiscal year that ended in Sep. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2007 )		(A: Sep. 2006 )		(A: Sep. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2007 )		(A: Sep. 2006 )		(A: Sep. 2007 )
	=	-2.733	/	( ( (2.346 - 4.338)	+	(1.748 - 4.457) )	/ 2 )
	=	-2.733	/	( (-1.992	+	-2.709)	/ 2 )
	=	-2.733	/	-2.3505
	=	116.27 %

Avitar's ROCE % of for the quarter that ended in Dec. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2007 )		(Q: Sep. 2007 )		(Q: Dec. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2007 )		(Q: Sep. 2007 )		(Q: Dec. 2007 )
	=	-3.248	/	( ( (1.748 - 4.457)	+	(1.452 - 5.248) )	/ 2 )
	=	-3.248	/	( ( -2.709	+	-3.796 )	/ 2 )
	=	-3.248	/	-3.2525
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2007) EBIT data.

Avitar (OTCPK:AVTI) 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.

Avitar ROCE % Related Terms

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Avitar (Avitar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Avitar Inc (OTCPK:AVTI) » Definitions » ROCE %

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Address

5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9

Website

Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.