Planar Systems (FRA:PL4) ROCE % : -0.85% (As of Jun. 2015)

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What is Planar Systems 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. Planar Systems's annualized ROCE % for the quarter that ended in Jun. 2015 was -0.85%.

Planar Systems ROCE % Historical Data

The historical data trend for Planar Systems'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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Planar Systems ROCE % Chart

Planar Systems Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

ROCE %

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-11.70

-6.24

-28.10

-13.46

6.28

Planar Systems Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial															6.25	14.95	21.04	5.46	-0.85

Planar Systems ROCE % Calculation

Planar Systems's annualized ROCE % for the fiscal year that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	2.366	/	( ( (59.754 - 24.186)	+	(65.498 - 25.748) )	/ 2 )
	=	2.366	/	( (35.568	+	39.75)	/ 2 )
	=	2.366	/	37.659
	=	6.28 %

Planar Systems's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	-0.412	/	( ( (79.578 - 30.363)	+	(72.897 - 25.428) )	/ 2 )
	=	-0.412	/	( ( 49.215	+	47.469 )	/ 2 )
	=	-0.412	/	48.342
	=	-0.85 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

Planar Systems (FRA:PL4) 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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Planar Systems (FRA:PL4) Business Description

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Website

http://www.planar.com

Planar Systems Inc was incorporated on April 27, 1983. The Company is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. The Company capitalizes on its strong supply chain, logistics, and distribution relationships to sell a variety of mainly LCD based displays to the United States marketplace. The Company offers High-End Home Display which offers various high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories, that aims at the high-end home market and certain commercial installations The Company employs sales professionals in many countries around the world and sells both directly to end users and through reseller channels.The Company's direct competitors are numerous and diverse. In display systems including AMLCD components sourced from manufacturers, Planar's value-added specialty display products compete against those of NEC, Acer, Viewsonic, Dell and others in the IT market. The Company's operations are subject to environmental and various other regulations in each of the jurisdictions in which it conducts business.

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