Medra (MDRA) ROCE % : -1,093.64% (As of Jun. 2002)

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What is Medra 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. Medra's annualized ROCE % for the quarter that ended in Jun. 2002 was -1,093.64%.

Medra ROCE % Historical Data

The historical data trend for Medra'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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Medra ROCE % Chart

Medra Annual Data

Trend

Dec99

Dec00

Dec01

ROCE %

-249.02

-405.84

-517.36

Medra Quarterly Data
	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02
ROCE %	Get a 7-Day Free Trial						-277.09	-322.18	-469.81	-393.53	-1,093.64

Medra ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2001 )		(A: Dec. 2000 )		(A: Dec. 2001 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2001 )		(A: Dec. 2000 )		(A: Dec. 2001 )
	=	-9.91	/	( ( (4.154 - 1.886)	+	(2.501 - 0.938) )	/ 2 )
	=	-9.91	/	( (2.268	+	1.563)	/ 2 )
	=	-9.91	/	1.9155
	=	-517.36 %

Medra's ROCE % of for the quarter that ended in Jun. 2002 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2002 )		(Q: Mar. 2002 )		(Q: Jun. 2002 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2002 )		(Q: Mar. 2002 )		(Q: Jun. 2002 )
	=	-7.732	/	( ( (2.387 - 0.921)	+	(1.051 - 1.103) )	/ 2 )
	=	-7.732	/	( ( 1.466	+	-0.052 )	/ 2 )
	=	-7.732	/	0.707
	=	-1,093.64 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2002) EBIT data.

Medra (GREY:MDRA) 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.

Medra ROCE % Related Terms

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Medra (MDRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Medra Corp (GREY:MDRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

24832 Avenue Rockefeller, Valencia, CA, USA, 91355

Website

Medra Corp is engaged in the acquisition, development and commercial exploitation of hydrogen-based technologies.

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