Photoelectron (Photoelectron) ROCE % : -145.78% (As of Sep. 2002)

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What is Photoelectron 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. Photoelectron's annualized ROCE % for the quarter that ended in Sep. 2002 was -145.78%.

Photoelectron ROCE % Historical Data

The historical data trend for Photoelectron'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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Photoelectron ROCE % Chart

Photoelectron Annual Data

Trend

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

ROCE %

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-72.73

-77.25

-213.07

-166.00

-113.00

Photoelectron Quarterly Data
	Dec97	Mar98	Jun98	Sep98	Dec98	Mar99	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02
ROCE %	Get a 7-Day Free Trial															-149.46	-148.93	-91.82	-107.61	-145.78

Photoelectron ROCE % Calculation

Photoelectron's annualized ROCE % for the fiscal year that ended in Dec. 2001 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2001 )		(A: Dec. 2000 )		(A: Dec. 2001 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2001 )		(A: Dec. 2000 )		(A: Dec. 2001 )
	=	-8.763	/	( ( (8.448 - 1.012)	+	(9.203 - 1.129) )	/ 2 )
	=	-8.763	/	( (7.436	+	8.074)	/ 2 )
	=	-8.763	/	7.755
	=	-113.00 %

Photoelectron's ROCE % of for the quarter that ended in Sep. 2002 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2002 )		(Q: Jun. 2002 )		(Q: Sep. 2002 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2002 )		(Q: Jun. 2002 )		(Q: Sep. 2002 )
	=	-6.084	/	( ( (5.937 - 1.017)	+	(4.362 - 0.935) )	/ 2 )
	=	-6.084	/	( ( 4.92	+	3.427 )	/ 2 )
	=	-6.084	/	4.1735
	=	-145.78 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2002) EBIT data.

Photoelectron (OTCPK:PECN) 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.

Photoelectron ROCE % Related Terms

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Photoelectron (Photoelectron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Photoelectron Corp (OTCPK:PECN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

9 Executive Park Drive, North Billerica, Billerica, MA, USA, 01862

Website

Photoelectron Corp is engaged in the design, development & commercialization of the Photon Radiosurgery System, a proprietary, therapeutic device for the treatment of cancerous tumors through the application of x-ray radiation directly to the tumor site. It is manufacturing miniature x-ray systems for a variety of applications in healthcare and non-healthcare related markets.

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