HCLC (Health-Chem) ROCE % : 0.00% (As of Jun. 2007)

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What is Health-Chem 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. Health-Chem's annualized ROCE % for the quarter that ended in Jun. 2007 was 0.00%.

Health-Chem ROCE % Historical Data

The historical data trend for Health-Chem'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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Health-Chem ROCE % Chart

Health-Chem Annual Data

Trend

Dec91

Dec92

Dec93

Dec94

Dec95

Dec96

Dec97

Dec04

Dec05

Dec06

ROCE %

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-5.43

-14.35

19.18

Health-Chem Quarterly Data
	Sep95	Dec95	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec04	Dec05	Mar06	Jun06	Dec06	Mar07	Jun07
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Health-Chem ROCE % Calculation

Health-Chem's annualized ROCE % for the fiscal year that ended in Dec. 2006 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2006 )		(A: Dec. 2005 )		(A: Dec. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2006 )		(A: Dec. 2005 )		(A: Dec. 2006 )
	=	-0.838	/	( ( (6.966 - 19.707)	+	(5.793 - 20.228) )	/ 2 )
	=	-0.838	/	( (-12.741	+	-14.435)	/ 2 )
	=	-0.838	/	-13.588
	=	6.17 %

Health-Chem's ROCE % of for the quarter that ended in Jun. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2007 )		(Q: Mar. 2007 )		(Q: Jun. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2007 )		(Q: Mar. 2007 )		(Q: Jun. 2007 )
	=	3.128	/	( ( (5.277 - 20.242)	+	(5.537 - 19.836) )	/ 2 )
	=	3.128	/	( ( -14.965	+	-14.299 )	/ 2 )
	=	3.128	/	-14.632
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2007) EBIT data.

Health-Chem (OTCPK:HCLC) 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.

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