INTO (Initio) ROCE % : 5.59% (As of Jan. 2003)

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What is Initio 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. Initio's annualized ROCE % for the quarter that ended in Jan. 2003 was 5.59%.

Initio ROCE % Historical Data

The historical data trend for Initio'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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Initio ROCE % Chart

Initio Annual Data

Trend

Apr94

Apr95

Apr96

Apr97

Apr98

Apr99

Apr00

Apr01

ROCE %

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-4.84

-2.65

-1.13

11.45

15.19

Initio Quarterly Data
	Apr98	Jul98	Oct98	Jan99	Apr99	Jul99	Oct99	Jan00	Apr00	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03
ROCE %	Get a 7-Day Free Trial															6.63	5.51	7.12	6.96	5.59

Initio ROCE % Calculation

Initio's annualized ROCE % for the fiscal year that ended in Apr. 2001 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2001 )		(A: Apr. 2000 )		(A: Apr. 2001 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2001 )		(A: Apr. 2000 )		(A: Apr. 2001 )
	=	1.268	/	( ( (9.739 - 0)	+	(6.96 - 0) )	/ 2 )
	=	1.268	/	( (9.739	+	6.96)	/ 2 )
	=	1.268	/	8.3495
	=	15.19 %

Initio's ROCE % of for the quarter that ended in Jan. 2003 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2003 )		(Q: Oct. 2002 )		(Q: Jan. 2003 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2003 )		(Q: Oct. 2002 )		(Q: Jan. 2003 )
	=	0.272	/	( ( (4.904 - 0)	+	(4.835 - 0) )	/ 2 )
	=	0.272	/	( ( 4.904	+	4.835 )	/ 2 )
	=	0.272	/	4.8695
	=	5.59 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2003) EBIT data.

Initio (OTCPK:INTO) 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.

Initio ROCE % Related Terms

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Initio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Initio Inc (OTCPK:INTO) » Definitions » ROCE %

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Address

350 West Passaic Street, Suite No. 2, Rochelle Park, NJ, USA, 07662

Website

https://www.initioinc.com

Initio Inc provides business and financial consulting. It is also engaged in investing and trading shares of publicly owned securities.

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