Federal Screw Works (Federal Screw Works) ROCE % : -7.82% (As of Dec. 2004)

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What is Federal Screw Works 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. Federal Screw Works's annualized ROCE % for the quarter that ended in Dec. 2004 was -7.82%.

Federal Screw Works ROCE % Historical Data

The historical data trend for Federal Screw Works'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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Federal Screw Works ROCE % Chart

Federal Screw Works Annual Data

Trend

Jun95

Jun96

Jun97

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

ROCE %

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16.82

8.47

5.33

5.82

1.88

Federal Screw Works Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04
ROCE %	Get a 7-Day Free Trial															1.14	3.85	2.67	-5.92	-7.82

Federal Screw Works ROCE % Calculation

Federal Screw Works's annualized ROCE % for the fiscal year that ended in Jun. 2004 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2004 )		(A: Jun. 2003 )		(A: Jun. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2004 )		(A: Jun. 2003 )		(A: Jun. 2004 )
	=	1.673	/	( ( (94.461 - 11.605)	+	(106.773 - 11.882) )	/ 2 )
	=	1.673	/	( (82.856	+	94.891)	/ 2 )
	=	1.673	/	88.8735
	=	1.88 %

Federal Screw Works's ROCE % of for the quarter that ended in Dec. 2004 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2004 )		(Q: Sep. 2004 )		(Q: Dec. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2004 )		(Q: Sep. 2004 )		(Q: Dec. 2004 )
	=	-7.7	/	( ( (106.893 - 9.192)	+	(107.395 - 8.116) )	/ 2 )
	=	-7.7	/	( ( 97.701	+	99.279 )	/ 2 )
	=	-7.7	/	98.49
	=	-7.82 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2004) EBIT data.

Federal Screw Works (OTCPK:FSCR) 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.

Federal Screw Works ROCE % Related Terms

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Federal Screw Works (Federal Screw Works) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Federal Screw Works (OTCPK:FSCR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

34846 Goddard Road, Romulus, MI, USA, 48174

Website

https://www.federalscrewworks.com

Federal Screw Works operates as the manufacturer and marketer of industrial component parts. The group offers component parts such as locknuts, bolts, piston pins, studs, bushings, shafts, and other machined, cold-formed, hardened, and ground metal parts, which are primarily served by the automobile industry. Its component is used in the products of cold-formed and machined pins and products, close tolerance machined products, engineered nut products, cold-formed tooling, and complex cold-formed products. Geographically all the operations function through the United States.

Federal Screw Works (Federal Screw Works) Headlines

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