VoIP (FRA:A3QA) ROCE % : -185.44% (As of Dec. 2006)

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What is VoIP 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. VoIP's annualized ROCE % for the quarter that ended in Dec. 2006 was -185.44%.

VoIP ROCE % Historical Data

The historical data trend for VoIP'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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VoIP ROCE % Chart

VoIP Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

ROCE %

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-129.07

-130.45

-185.44

VoIP Semi-Annual Data
	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06
ROCE %	Get a 7-Day Free Trial			-	-	-129.07	-130.45	-185.44

VoIP ROCE % Calculation

VoIP's annualized ROCE % for the fiscal year that ended in Dec. 2006 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2006 )		(A: Dec. 2005 )		(A: Dec. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2006 )		(A: Dec. 2005 )		(A: Dec. 2006 )
	=	-23.485	/	( ( (44.964 - 22.109)	+	(27.198 - 24.724) )	/ 2 )
	=	-23.485	/	( (22.855	+	2.474)	/ 2 )
	=	-23.485	/	12.6645
	=	-185.44 %

VoIP's ROCE % of for the quarter that ended in Dec. 2006 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2006 )		(Q: Dec. 2005 )		(Q: Dec. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2006 )		(Q: Dec. 2005 )		(Q: Dec. 2006 )
	=	-23.485	/	( ( (44.964 - 22.109)	+	(27.198 - 24.724) )	/ 2 )
	=	-23.485	/	( ( 22.855	+	2.474 )	/ 2 )
	=	-23.485	/	12.6645
	=	-185.44 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2006) EBIT data.

VoIP (FRA:A3QA) 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.

VoIP ROCE % Related Terms

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VoIP (FRA:A3QA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » VoIP Inc (FRA:A3QA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.voip-inc.com

VoIP owns several companies that develop, deliver and support communication technologies. The company provides a portfolio of service solutions and broadband products to the Voice over Internet Protocol industry.

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