McHenry Metals Golf (McHenry Metals Golf) ROCE % : 0.00% (As of Sep. 2001)

View and export this data going back to . Start your Free Trial

What is McHenry Metals Golf 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. McHenry Metals Golf's annualized ROCE % for the quarter that ended in Sep. 2001 was 0.00%.

McHenry Metals Golf ROCE % Historical Data

The historical data trend for McHenry Metals Golf'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.

* Premium members only.

McHenry Metals Golf ROCE % Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

ROCE %

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
ROCE %	Get a 7-Day Free Trial			-	-	-	-	-

McHenry Metals Golf ROCE % Calculation

McHenry Metals Golf's annualized ROCE % for the fiscal year that ended in Dec. 2000 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2000 )		(A: Dec. 2099 )		(A: Dec. 2000 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2000 )		(A: Dec. 2099 )		(A: Dec. 2000 )
	=	-0.905	/	( ( (0.976 - 3.081)	+	(0.44 - 1.774) )	/ 2 )
	=	-0.905	/	( (-2.105	+	-1.334)	/ 2 )
	=	-0.905	/	-1.7195
	=	52.63 %

McHenry Metals Golf's ROCE % of for the quarter that ended in Sep. 2001 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2001 )		(Q: Jun. 2001 )		(Q: Sep. 2001 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2001 )		(Q: Jun. 2001 )		(Q: Sep. 2001 )
	=	-0.276	/	( ( (0.17 - 1.918)	+	(0.099 - 1.939) )	/ 2 )
	=	-0.276	/	( ( -1.748	+	-1.84 )	/ 2 )
	=	-0.276	/	-1.794
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2001) EBIT data.

McHenry Metals Golf (OTCPK:GLFN) 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.

McHenry Metals Golf ROCE % Related Terms

Thank you for viewing the detailed overview of McHenry Metals Golf's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

McHenry Metals Golf (McHenry Metals Golf) Headlines

No Headlines