FirsTime Design (FirsTime Design) ROCE % : 14.87% (As of Dec. 2012)

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What is FirsTime Design 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. FirsTime Design's annualized ROCE % for the quarter that ended in Dec. 2012 was 14.87%.

FirsTime Design ROCE % Historical Data

The historical data trend for FirsTime Design'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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FirsTime Design ROCE % Chart

FirsTime Design Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-20.73

-20.11

-14.67

-16.00

13.68

FirsTime Design Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
ROCE %	Get a 7-Day Free Trial															-19.25	13.97	13.89	12.20	14.87

FirsTime Design ROCE % Calculation

FirsTime Design's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	0.468	/	( ( (3.876 - 0.641)	+	(4.507 - 0.902) )	/ 2 )
	=	0.468	/	( (3.235	+	3.605)	/ 2 )
	=	0.468	/	3.42
	=	13.68 %

FirsTime Design's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	0.528	/	( ( (4.599 - 1.104)	+	(4.507 - 0.902) )	/ 2 )
	=	0.528	/	( ( 3.495	+	3.605 )	/ 2 )
	=	0.528	/	3.55
	=	14.87 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

FirsTime Design (OTCPK:FTDL) 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.

FirsTime Design ROCE % Related Terms

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FirsTime Design (FirsTime Design) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FirsTime Design Ltd (OTCPK:FTDL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072

Website

https://www.firstime.com

FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.

Executives