Myrexis (FRA:R9M) ROCE % : -48.89% (As of Jun. 2013)

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What is Myrexis 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. Myrexis's annualized ROCE % for the quarter that ended in Jun. 2013 was -48.89%.

Myrexis ROCE % Historical Data

The historical data trend for Myrexis'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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Myrexis ROCE % Chart

Myrexis Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

ROCE %

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-72.06

-30.56

-27.46

-33.11

-25.21

Myrexis Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
ROCE %	Get a 7-Day Free Trial															-21.06	-16.98	-22.83	-31.15	-48.89

Myrexis ROCE % Calculation

Myrexis's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	-9.089	/	( ( (73.046 - 1.816)	+	(0.938 - 0.056) )	/ 2 )
	=	-9.089	/	( (71.23	+	0.882)	/ 2 )
	=	-9.089	/	36.056
	=	-25.21 %

Myrexis's ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	-0.464	/	( ( (1.282 - 0.266)	+	(0.938 - 0.056) )	/ 2 )
	=	-0.464	/	( ( 1.016	+	0.882 )	/ 2 )
	=	-0.464	/	0.949
	=	-48.89 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2013) EBIT data.

Myrexis (FRA:R9M) 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.

Myrexis ROCE % Related Terms

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Myrexis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Myrexis Inc (FRA:R9M) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

630 Fifth Avenue, Suite 2260, New York, NY, USA, 10020

Website

http://www.myrexis.com

Myrexis Inc is engaged in evaluating strategic alternatives, such as identifying, evaluating and making financial investments in life sciences assets.

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