Nascent Wine Co (Nascent Wine Co) ROCE % : -20.63% (As of Sep. 2008)

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What is Nascent Wine Co 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. Nascent Wine Co's annualized ROCE % for the quarter that ended in Sep. 2008 was -20.63%.

Nascent Wine Co ROCE % Historical Data

The historical data trend for Nascent Wine Co'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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Nascent Wine Co ROCE % Chart

Nascent Wine Co Annual Data

Trend

Dec05

Dec06

Dec07

ROCE %

-73.68

-20.50

-21.93

Nascent Wine Co Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
ROCE %	Get a 7-Day Free Trial									-10.16	-25.33	-9.39	-107.35	-20.63

Nascent Wine Co ROCE % Calculation

Nascent Wine Co's annualized ROCE % for the fiscal year that ended in Dec. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	-5.494	/	( ( (23.759 - 6.663)	+	(49.903 - 16.895) )	/ 2 )
	=	-5.494	/	( (17.096	+	33.008)	/ 2 )
	=	-5.494	/	25.052
	=	-21.93 %

Nascent Wine Co's ROCE % of for the quarter that ended in Sep. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	-5.008	/	( ( (37.409 - 7.053)	+	(27.114 - 8.911) )	/ 2 )
	=	-5.008	/	( ( 30.356	+	18.203 )	/ 2 )
	=	-5.008	/	24.2795
	=	-20.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2008) EBIT data.

Nascent Wine Co (OTCPK:NCTW) 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.

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Nascent Wine Co (Nascent Wine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nascent Wine Co Inc (OTCPK:NCTW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12055 East Broadway Boulevard, Tucson, AZ, USA, 85748

Website

http://www.pianconegroup.com

Nascent Wine Co Inc engages in the distribution of food and non-food products. It distributes a full line of frozen foods, such as meats, fully prepared entrees & desserts, and a full line of canned and dry goods, fresh meats and imported specialties.

Executives

Jgd Management Corp /ny	director, 10 percent owner	767 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10153
James E Buckman	director	YORK CAPITAL MANAGEMENT, 767 5TH AVENUE - 17TH FLOOR, NEW YORK NY 10153

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