Masterbeat (Masterbeat) ROCE % : 0.00% (As of Sep. 2010)

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What is Masterbeat 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. Masterbeat's annualized ROCE % for the quarter that ended in Sep. 2010 was 0.00%.

Masterbeat ROCE % Historical Data

The historical data trend for Masterbeat'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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Masterbeat ROCE % Chart

Masterbeat Annual Data

Trend

Dec07

Dec08

Dec09

ROCE %

-1,238.81

-692.97

Masterbeat Quarterly Data
	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
ROCE %	Get a 7-Day Free Trial								-	-4,216.00	-1,979.31	-41,364.71	-

Masterbeat ROCE % Calculation

Masterbeat's annualized ROCE % for the fiscal year that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	-1.282	/	( ( (0.478 - 0.265)	+	(0.613 - 0.456) )	/ 2 )
	=	-1.282	/	( (0.213	+	0.157)	/ 2 )
	=	-1.282	/	0.185
	=	-692.97 %

Masterbeat's ROCE % of for the quarter that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	-1.552	/	( ( (0.373 - 0.431)	+	(0.379 - 0.696) )	/ 2 )
	=	-1.552	/	( ( -0.058	+	-0.317 )	/ 2 )
	=	-1.552	/	-0.1875
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2010) EBIT data.

Masterbeat (OTCPK:MSTO) 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.

Masterbeat ROCE % Related Terms

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