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

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

Covista Communications ROCE % Historical Data

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.

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Covista Communications ROCE % Chart

Covista Communications Annual Data

Trend

Jan96

Jan97

Jan98

Jan99

Jan00

Jan01

Jan02

Jan03

Jan04

Jan05

ROCE %

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-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															-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.

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

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Covista Communications (Covista Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Covista Communications Inc (OTCPK:CVST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402

Website

http://www.covistacommunications.com

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.

Executives

W Thorpe Mckenzie	director	735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller	director	430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

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