Circuit Research Labs (Circuit Research Labs) ROCE % : 9.94% (As of Sep. 2008)

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What is Circuit Research Labs 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. Circuit Research Labs's annualized ROCE % for the quarter that ended in Sep. 2008 was 9.94%.

Circuit Research Labs ROCE % Historical Data

The historical data trend for Circuit Research Labs'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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Circuit Research Labs ROCE % Chart

Circuit Research Labs Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

ROCE %

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35.77

16.09

-23.57

2.74

Circuit Research Labs Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
ROCE %	Get a 7-Day Free Trial															-33.24	25.77	11.80	-1.13	9.94

Circuit Research Labs ROCE % Calculation

Circuit Research Labs's annualized ROCE % for the fiscal year that ended in Dec. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	0.158	/	( ( (10.728 - 6.262)	+	(10.829 - 3.766) )	/ 2 )
	=	0.158	/	( (4.466	+	7.063)	/ 2 )
	=	0.158	/	5.7645
	=	2.74 %

Circuit Research Labs's ROCE % of for the quarter that ended in Sep. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	0.7	/	( ( (11.275 - 4.239)	+	(11.17 - 4.125) )	/ 2 )
	=	0.7	/	( ( 7.036	+	7.045 )	/ 2 )
	=	0.7	/	7.0405
	=	9.94 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2008) EBIT data.

Circuit Research Labs (OTCPK:CRLI) 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.

Circuit Research Labs ROCE % Related Terms

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Circuit Research Labs (Circuit Research Labs) Business Description

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Address

7970 S. Kyrene Road, Tempe, AZ, USA, 85282

Website

Circuit Research Labs Inc develops manufactures and markets electronic audio processing, transmission encoding and noise reduction equipment for the radio, television, cable, Internet and professional audio markets.

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