CVST (Covista Communications) ROCE %: 6.05% (As of Apr. 2005)


What is Covista Communications ROCE %?

Covista Communications CVST -99.67% ROCE % is 6.05% as of Apr. 2005.

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. Covista Communications's annualized ROCE % for the quarter that ended in Apr. 2005 was 6.05%.

Covista Communications  (OTCPK:CVST) 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.

Covista Communications ROCE % Related Terms

Covista Communications ROCE % Historical Data

* Premium members only.

The historical data trend for Covista Communications'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.

Covista Communications ROCE % Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -92.41 -196.67 -66.16 -2.98 -25.91

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -41.37 -25.36 -41.81 6.02 6.05

Covista Communications ROCE % Calculation

Covista Communications's annualized ROCE % for the fiscal year that ended in Jan. 2005 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2005 )  (A: Jan. 2004 )(A: Jan. 2005 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2005 )  (A: Jan. 2004 )(A: Jan. 2005 )
=-4.29/( ( (40.887 - 21.286) + (27.231 - 13.717) )/ 2 )
=-4.29/( (19.601+13.514)/ 2 )
=-4.29/16.5575
=-25.91 %

Covista Communications's ROCE % of for the quarter that ended in Apr. 2005 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2005 )  (Q: Jan. 2005 )(Q: Apr. 2005 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2005 )  (Q: Jan. 2005 )(Q: Apr. 2005 )
=0.816/( ( (27.231 - 13.717) + (24.311 - 10.83) )/ 2 )
=0.816/( ( 13.514 + 13.481 )/ 2 )
=0.816/13.4975
=6.05 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2005) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.05% mean?
Covista Communications (CVST) has a ROCE % of 6.05% as of Apr. 2005.
Is Covista Communications' ROCE % too high?
Covista Communications' current ROCE % is 6.05%. The Telecommunication Services industry median ROCE % is 7.72. Covista Communications' value of 6.05% is 21.6% below this industry median.
How does Covista Communications' ROCE % compare to FULO and TWER?
Covista Communications' ROCE % of 6.05% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. Covista Communications' value of 6.05% is 21.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.72, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Covista Communications's current ROCE % of 6.05% is 21.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covista Communications's current ROCE % is 6.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covista Communications stock overvalued right now?
Covista Communications (CVST) has a current ROCE % of 6.05%. The current ROCE % is 6.05% and 21.6% below the Telecommunication Services industry median of 7.72. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Covista Communications (CVST), the current ROCE % is 6.05% as of Apr. 2005. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Covista Communications Business Description

Address 735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.