Gerova Financial Group (Gerova Financial Group) ROCE % : -3.06% (As of Jun. 2009)

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What is Gerova Financial Group 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. Gerova Financial Group's annualized ROCE % for the quarter that ended in Jun. 2009 was -3.06%.

Gerova Financial Group ROCE % Historical Data

The historical data trend for Gerova Financial Group'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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Gerova Financial Group ROCE % Chart

Gerova Financial Group Annual Data

Trend

Dec07

Dec08

Dec09

ROCE %

-27.27

-1.61

0.60

Gerova Financial Group Quarterly Data
	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Dec09
ROCE %	Get a 7-Day Free Trial				-4.19	2.73	-2.08	-3.06	-

Gerova Financial Group ROCE % Calculation

Gerova Financial Group's annualized ROCE % for the fiscal year that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	0.685	/	( ( (115.888 - 1.025)	+	(116.088 - 0.89) )	/ 2 )
	=	0.685	/	( (114.863	+	115.198)	/ 2 )
	=	0.685	/	115.0305
	=	0.60 %

Gerova Financial Group's ROCE % of for the quarter that ended in Jun. 2009 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2009 )		(Q: Mar. 2009 )		(Q: Jun. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2009 )		(Q: Mar. 2009 )		(Q: Jun. 2009 )
	=	-3.48	/	( ( (115.983 - 1.688)	+	(115.646 - 2.287) )	/ 2 )
	=	-3.48	/	( ( 114.295	+	113.359 )	/ 2 )
	=	-3.48	/	113.827
	=	-3.06 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2009) EBIT data.

Gerova Financial Group (OTCPK:GVFG) 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.

Gerova Financial Group ROCE % Related Terms

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Gerova Financial Group (Gerova Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gerova Financial Group Ltd (OTCPK:GVFG) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Cumberland House, 5th Floor, 1 Victoria Street, Hamilton, BMU, HM 11

Website

Gerova Financial Group Ltd is an international reinsurance company focused on the life and annuity reinsurance markets, in addition to a niche property and causality business.

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