First Physicians Capital Group (First Physicians Capital Group) ROCE % : 26.54% (As of Jun. 2014)

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What is First Physicians Capital Group 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. First Physicians Capital Group's annualized ROCE % for the quarter that ended in Jun. 2014 was 26.54%.

First Physicians Capital Group ROCE % Historical Data

The historical data trend for First Physicians Capital Group'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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First Physicians Capital Group ROCE % Chart

First Physicians Capital Group Annual Data

Trend

Jan04

Jan05

Jan06

Jan07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

ROCE %

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-47.17

-35.74

-10.95

28.59

23.29

First Physicians Capital Group Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
ROCE %	Get a 7-Day Free Trial															20.45	17.76	25.61	46.01	26.54

First Physicians Capital Group ROCE % Calculation

First Physicians Capital Group's annualized ROCE % for the fiscal year that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	6.437	/	( ( (33.681 - 8.885)	+	(37.346 - 6.874) )	/ 2 )
	=	6.437	/	( (24.796	+	30.472)	/ 2 )
	=	6.437	/	27.634
	=	23.29 %

First Physicians Capital Group's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	9.804	/	( ( (42.324 - 6.565)	+	(41.942 - 3.83) )	/ 2 )
	=	9.804	/	( ( 35.759	+	38.112 )	/ 2 )
	=	9.804	/	36.9355
	=	26.54 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

First Physicians Capital Group (OTCPK:FPCG) 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.

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First Physicians Capital Group (First Physicians Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » First Physicians Capital Group Inc (OTCPK:FPCG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

433 North Camden Drive, Suite 810, Beverly Hills, CA, USA, 90210

Website

http://www.firstphysicianscapitalgroup.com

First Physicians Capital Group Inc provides financial and managerial services to healthcare facilities in non-urban markets.

Executives

William A Houlihan	director, 10 percent owner	10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Anthony J Ciabattoni	10 percent owner	16 LAGUNITA DRIVE, LAGUNA BEACH CA 92651

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