News Communications (News Communications) ROCE % : -415.12% (As of Dec. 2004)

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What is News Communications 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. News Communications's annualized ROCE % for the quarter that ended in Dec. 2004 was -415.12%.

News Communications ROCE % Historical Data

The historical data trend for News Communications'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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News Communications ROCE % Chart

News Communications Annual Data

Trend

Nov96

Nov97

Nov98

Nov99

Dec00

Dec01

Dec02

Dec03

Dec04

ROCE %

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-61.67

-93.17

-34.92

-123.18

-415.12

News Communications Semi-Annual Data
	Nov96	Nov97	Nov98	Nov99	Dec00	Dec01	Dec02	Dec03	Dec04
ROCE %	Get a 7-Day Free Trial				-61.67	-93.17	-34.92	-123.18	-415.12

News Communications ROCE % Calculation

News Communications's annualized ROCE % for the fiscal year that ended in Dec. 2004 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2004 )		(A: Dec. 2003 )		(A: Dec. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2004 )		(A: Dec. 2003 )		(A: Dec. 2004 )
	=	-0.961	/	( ( (4.464 - 3.681)	+	(2.824 - 3.144) )	/ 2 )
	=	-0.961	/	( (0.783	+	-0.32)	/ 2 )
	=	-0.961	/	0.2315
	=	-415.12 %

News Communications's ROCE % of for the quarter that ended in Dec. 2004 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2004 )		(Q: Dec. 2003 )		(Q: Dec. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2004 )		(Q: Dec. 2003 )		(Q: Dec. 2004 )
	=	-0.961	/	( ( (4.464 - 3.681)	+	(2.824 - 3.144) )	/ 2 )
	=	-0.961	/	( ( 0.783	+	-0.32 )	/ 2 )
	=	-0.961	/	0.2315
	=	-415.12 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2004) EBIT data.

News Communications (OTCPK:NWCM) 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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News Communications (News Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » News Communications Inc (OTCPK:NWCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

News Communications, Inc. is engaged in publishing & distribution of advertiser-supported newspapers & magazines. It publishes three newspapers, two magazines including Dans Hampton Style & Dans Hampton Sports; & a guide, Dans Hampton Style Insider Guide.

Executives

Ross Wilbur L Jr

director

328 EL VEDADO ROAD, PALM BEACH FL 33480

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