Cal Bay International (Cal Bay International) ROCE % : -21.31% (As of Sep. 2006)

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What is Cal Bay International 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. Cal Bay International's annualized ROCE % for the quarter that ended in Sep. 2006 was -21.31%.

Cal Bay International ROCE % Historical Data

The historical data trend for Cal Bay International'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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Cal Bay International ROCE % Chart

Cal Bay International Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

ROCE %

-1,947.95

-2,465.22

-56.47

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
ROCE %	Get a 7-Day Free Trial															-62.37	-34.68	-69.87	-42.97	-21.31

Cal Bay International ROCE % Calculation

Cal Bay International's annualized ROCE % for the fiscal year that ended in Dec. 2005 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2005 )		(A: Dec. 2004 )		(A: Dec. 2005 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2005 )		(A: Dec. 2004 )		(A: Dec. 2005 )
	=	-2.702	/	( ( (0.016 - 0.041)	+	(11.49 - 1.895) )	/ 2 )
	=	-2.702	/	( (-0.025	+	9.595)	/ 2 )
	=	-2.702	/	4.785
	=	-56.47 %

Cal Bay International's ROCE % of for the quarter that ended in Sep. 2006 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2006 )		(Q: Jun. 2006 )		(Q: Sep. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2006 )		(Q: Jun. 2006 )		(Q: Sep. 2006 )
	=	-3.656	/	( ( (32.473 - 7.757)	+	(11.49 - 1.895) )	/ 2 )
	=	-3.656	/	( ( 24.716	+	9.595 )	/ 2 )
	=	-3.656	/	17.1555
	=	-21.31 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2006) EBIT data.

Cal Bay International (OTCPK:CBYI) 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.

Cal Bay International ROCE % Related Terms

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Cal Bay International (Cal Bay International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cal Bay International Inc (OTCPK:CBYI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014

Website

https://www.cbyintl.com

Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.