INNI (Innovaro) ROCE % : -86.70% (As of Sep. 2013)

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What is Innovaro 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. Innovaro's annualized ROCE % for the quarter that ended in Sep. 2013 was -86.70%.

Innovaro ROCE % Historical Data

The historical data trend for Innovaro'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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Innovaro ROCE % Chart

Innovaro Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-15.18

-26.81

-64.42

-30.38

-62.86

Innovaro Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial															-44.78	-311.59	-80.82	-165.89	-86.70

Innovaro ROCE % Calculation

Innovaro'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 )
	=	-6.143	/	( ( (20.766 - 4.971)	+	(8.469 - 4.719) )	/ 2 )
	=	-6.143	/	( (15.795	+	3.75)	/ 2 )
	=	-6.143	/	9.7725
	=	-62.86 %

Innovaro's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	-1.528	/	( ( (6.474 - 4.555)	+	(6.48 - 4.874) )	/ 2 )
	=	-1.528	/	( ( 1.919	+	1.606 )	/ 2 )
	=	-1.528	/	1.7625
	=	-86.70 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

Innovaro (OTCPK:INNI) 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.

Innovaro ROCE % Related Terms

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Innovaro Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovaro Inc (OTCPK:INNI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

624 Tyvola Road, Suite 103, No. 186, Charlotte, NC, USA, 28217

Website

https://www.innovaroinc.com

Innovaro Inc is a shell company. It was previously engaged in software services. Currently, the company does not have any operations.

Executives

John Micek	director	300 HAMILTON AVENUE, 4TH FLOOR, PALO ALTO CA 94301
Mark S Berset	director	700 CENTRAL AVE, SAINT PETERSBURG FL 33701
Bruce Lucas	director	2109 E. PALM AVENUE, TAMPA FL 33605
Charles L Pope	director	4902 EISENHOWER BOULEVARD, TAMPA FL 33634
David G Mooring	officer: VICE PRESIDENT	RAMBUS INC, 4444 EL CAMINO REAL, LOS ALTOS CA 94022

Innovaro Headlines

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