PCYS (PrimeCare Systems) ROCE % : -76.65% (As of Mar. 2011)

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What is PrimeCare Systems 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. PrimeCare Systems's annualized ROCE % for the quarter that ended in Mar. 2011 was -76.65%.

PrimeCare Systems ROCE % Historical Data

The historical data trend for PrimeCare Systems'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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PrimeCare Systems ROCE % Chart

PrimeCare Systems Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

ROCE %

-90.15

-119.77

-136.50

-127.18

-94.32

PrimeCare Systems Quarterly Data
	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11
ROCE %	Get a 7-Day Free Trial															-82.56	-78.49	-86.09	-109.14	-76.65

PrimeCare Systems ROCE % Calculation

PrimeCare Systems's annualized ROCE % for the fiscal year that ended in Jun. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	-0.332	/	( ( (0.37 - 0.047)	+	(0.403 - 0.022) )	/ 2 )
	=	-0.332	/	( (0.323	+	0.381)	/ 2 )
	=	-0.332	/	0.352
	=	-94.32 %

PrimeCare Systems's ROCE % of for the quarter that ended in Mar. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2011 )		(Q: Dec. 2010 )		(Q: Mar. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2011 )		(Q: Dec. 2010 )		(Q: Mar. 2011 )
	=	-0.348	/	( ( (0.451 - 0.011)	+	(0.51 - 0.042) )	/ 2 )
	=	-0.348	/	( ( 0.44	+	0.468 )	/ 2 )
	=	-0.348	/	0.454
	=	-76.65 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2011) EBIT data.

PrimeCare Systems (OTCPK:PCYS) 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.

PrimeCare Systems ROCE % Related Terms

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PrimeCare Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PrimeCare Systems Inc (OTCPK:PCYS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

610 Thimble Shoals Boulevard, Suite 402 A, Newport News, VA, USA, 23606

Website

http://www.pcare.com

PrimeCare Systems Inc develops and markets software and diagnostic products for the healthcare industry.

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