InterAmerican Gaming (InterAmerican Gaming) ROCE % : 0.00% (As of Sep. 2012)

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What is InterAmerican Gaming 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. InterAmerican Gaming's annualized ROCE % for the quarter that ended in Sep. 2012 was 0.00%.

InterAmerican Gaming ROCE % Historical Data

The historical data trend for InterAmerican Gaming'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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InterAmerican Gaming ROCE % Chart

InterAmerican Gaming Annual Data

Trend

Sep03

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

ROCE %

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-172.84

-660.44

InterAmerican Gaming Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

InterAmerican Gaming ROCE % Calculation

InterAmerican Gaming's annualized ROCE % for the fiscal year that ended in Sep. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2012 )		(A: Sep. 2011 )		(A: Sep. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2012 )		(A: Sep. 2011 )		(A: Sep. 2012 )
	=	-2.248	/	( ( (0.021 - 0.009)	+	(0.084 - 0.964) )	/ 2 )
	=	-2.248	/	( (0.012	+	-0.88)	/ 2 )
	=	-2.248	/	-0.434
	=	517.97 %

InterAmerican Gaming's ROCE % of for the quarter that ended in Sep. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2012 )		(Q: Jun. 2012 )		(Q: Sep. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2012 )		(Q: Jun. 2012 )		(Q: Sep. 2012 )
	=	-1.592	/	( ( (0.174 - 0.807)	+	(0.084 - 0.964) )	/ 2 )
	=	-1.592	/	( ( -0.633	+	-0.88 )	/ 2 )
	=	-1.592	/	-0.7565
	=	0 %

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

InterAmerican Gaming (OTCPK:IAGM) 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.

InterAmerican Gaming ROCE % Related Terms

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InterAmerican Gaming (InterAmerican Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » InterAmerican Gaming Inc (OTCPK:IAGM) » Definitions » ROCE %

Comparable Companies

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Address

Website

http://www.interamericangaming.com

InterAmerican Gaming, Inc., was incorporated on 2 September 1999 in the State of Nevada. The Company develops international gaming operations. The Company leased video lottery terminal slot machines from a related party and began deploying the assets in non-owned gaming locations. In 2009, the Company installed slot machines at Fantasy Club Del Peru SA locations, operating under various brands throughout the country Slot City in Chiclayo, Colibri Dorado in Chincha and Monos Dorados in Huacho and Huaral.

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