BANI (Banneker) ROCE % : -107.94% (As of Dec. 2000)

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What is Banneker 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. Banneker's annualized ROCE % for the quarter that ended in Dec. 2000 was -107.94%.

Banneker ROCE % Historical Data

The historical data trend for Banneker'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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Banneker ROCE % Chart

Banneker Annual Data

Trend

Mar98

ROCE %

83.33

Banneker Quarterly Data
	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00
ROCE %	Get a 7-Day Free Trial									-22.53	-89.38	-50.67	-93.32	-107.94

Banneker ROCE % Calculation

Banneker's annualized ROCE % for the fiscal year that ended in Mar. 2098 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2098 )		(A: . 20 )		(A: Mar. 2098 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2098 )		(A: . 20 )		(A: Mar. 2098 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Banneker's ROCE % of for the quarter that ended in Dec. 2000 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2000 )		(Q: Sep. 2000 )		(Q: Dec. 2000 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2000 )		(Q: Sep. 2000 )		(Q: Dec. 2000 )
	=	-2.636	/	( ( (5.069 - 2.466)	+	(4.999 - 2.718) )	/ 2 )
	=	-2.636	/	( ( 2.603	+	2.281 )	/ 2 )
	=	-2.636	/	2.442
	=	-107.94 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2000) EBIT data.

Banneker (OTCPK:BANI) 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.

Banneker ROCE % Related Terms

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Banneker Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Banneker Inc (OTCPK:BANI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1660 South Albion Street, Suite 318, Denver, CO, USA, 80222

Website

https://www.bannekerstore.com

Banneker Inc is designing and manufacturing different types of clocks and watches. The company is engaged in watch making and wholesale jewelry company founded on the basis of fashion, elegance, and watch design can all converge together to create a work of art.

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