Jupiter Marine International Holdings (Jupiter Marine International Holdings) ROCE % : 24.85% (As of Oct. 2007)

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What is Jupiter Marine International Holdings 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. Jupiter Marine International Holdings's annualized ROCE % for the quarter that ended in Oct. 2007 was 24.85%.

Jupiter Marine International Holdings ROCE % Historical Data

The historical data trend for Jupiter Marine International Holdings'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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Jupiter Marine International Holdings ROCE % Chart

Jupiter Marine International Holdings Annual Data

Trend

Jul01

Jul03

Jul04

Jul05

Jul06

Jul07

ROCE %

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56.61

53.03

36.11

36.23

-21.61

Jupiter Marine International Holdings Quarterly Data
	Oct01	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07
ROCE %	Get a 7-Day Free Trial													6.22	-3.96	-11.63	-80.61	24.85

Jupiter Marine International Holdings ROCE % Calculation

Jupiter Marine International Holdings's annualized ROCE % for the fiscal year that ended in Jul. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2007 )		(A: Jul. 2006 )		(A: Jul. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2007 )		(A: Jul. 2006 )		(A: Jul. 2007 )
	=	-0.526	/	( ( (5.471 - 2.145)	+	(4.094 - 2.553) )	/ 2 )
	=	-0.526	/	( (3.326	+	1.541)	/ 2 )
	=	-0.526	/	2.4335
	=	-21.61 %

Jupiter Marine International Holdings's ROCE % of for the quarter that ended in Oct. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2007 )		(Q: Jul. 2007 )		(Q: Oct. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2007 )		(Q: Jul. 2007 )		(Q: Oct. 2007 )
	=	0.392	/	( ( (4.094 - 2.553)	+	(4.91 - 3.296) )	/ 2 )
	=	0.392	/	( ( 1.541	+	1.614 )	/ 2 )
	=	0.392	/	1.5775
	=	24.85 %

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

Jupiter Marine International Holdings (OTCPK:JMIH) 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.

Jupiter Marine International Holdings ROCE % Related Terms

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Jupiter Marine International Holdings (Jupiter Marine International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jupiter Marine International Holdings Inc (OTCPK:JMIH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1103 12th Avenue East, Palmetto, FL, USA, 34221

Website

http://www.jupitermarine.com

Jupiter Marine International Holdings Inc designs, manufactures and markets sport fishing boats like 29 Forward Seating Center Console, 31 Open Center Console, 31 Cuddy Cabin and 31 Forward Seating Center Console. Geographically the business activities are carried out through Palmetto, Florida.

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