Patient Access Solutions (Patient Access Solutions) ROCE % : -3,232.58% (As of Jul. 2008)

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What is Patient Access Solutions 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. Patient Access Solutions's annualized ROCE % for the quarter that ended in Jul. 2008 was -3,232.58%.

Patient Access Solutions ROCE % Historical Data

The historical data trend for Patient Access Solutions'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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Patient Access Solutions ROCE % Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

ROCE %

-4.55

-337.50

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
ROCE %	Get a 7-Day Free Trial			-17,500.00	-	-	-9,719.40	-3,232.58

Patient Access Solutions ROCE % Calculation

Patient Access Solutions's annualized ROCE % for the fiscal year that ended in Oct. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2008 )		(A: Oct. 2007 )		(A: Oct. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2008 )		(A: Oct. 2007 )		(A: Oct. 2008 )
	=	0	/	( ( (0.001 - 0.007)	+	(0.984 - 1.492) )	/ 2 )
	=	0	/	( (-0.006	+	-0.508)	/ 2 )
	=	0	/	-0.257
	=	0.00 %

Patient Access Solutions's ROCE % of for the quarter that ended in Jul. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2008 )		(Q: Apr. 2008 )		(Q: Jul. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2008 )		(Q: Apr. 2008 )		(Q: Jul. 2008 )
	=	-11.508	/	( ( (1.357 - 1.278)	+	(1.555 - 0.922) )	/ 2 )
	=	-11.508	/	( ( 0.079	+	0.633 )	/ 2 )
	=	-11.508	/	0.356
	=	-3,232.58 %

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

Patient Access Solutions (OTCPK:PASO) 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.

Patient Access Solutions ROCE % Related Terms

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Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

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