PURY (PureRay) ROCE %: -2,291.10% (As of Jan. 2009)


What is PureRay ROCE %?

PureRay PURY -95.00% ROCE % is -2,291.10% as of Jan. 2009.

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. PureRay's annualized ROCE % for the quarter that ended in Jan. 2009 was -2,291.10%.

PureRay  (OTCPK:PURY) 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.

PureRay ROCE % Related Terms

PureRay ROCE % Historical Data

* Premium members only.

The historical data trend for PureRay'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.

PureRay ROCE % Chart

PureRay Annual Data
Trend Apr01 Apr02 Apr03 Apr04 Apr05 Apr06 Apr07 Apr08
ROCE %
Get a 7-Day Free Trial -5.45 -122.45 0.00 0.00 0.00

PureRay Quarterly Data
Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -507.36 -403.08 -2,291.10

PureRay ROCE % Calculation

PureRay's annualized ROCE % for the fiscal year that ended in Apr. 2008 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Apr. 2008 )  (A: Apr. 2007 )(A: Apr. 2008 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Apr. 2008 )  (A: Apr. 2007 )(A: Apr. 2008 )
=-0.024/( ( (0.005 - 0.045) + (0.109 - 0.174) )/ 2 )
=-0.024/( (-0.04+-0.065)/ 2 )
=-0.024/-0.0525
=45.71 %

PureRay's ROCE % of for the quarter that ended in Jan. 2009 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2009 )  (Q: Oct. 2008 )(Q: Jan. 2009 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2009 )  (Q: Oct. 2008 )(Q: Jan. 2009 )
=-2.188/( ( (0.673 - 0.317) + (0.369 - 0.534) )/ 2 )
=-2.188/( ( 0.356 + -0.165 )/ 2 )
=-2.188/0.0955
=-2,291.10 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2009) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -2,291.10% mean?
PureRay (PURY) has a ROCE % of -2,291.10% as of Jan. 2009.
Is PureRay's ROCE % too high?
PureRay's current ROCE % is -2,291.10%.
How does PureRay's ROCE % compare to GNAL and WAYS?
PureRay's ROCE % of -2,291.10% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PureRay's current ROCE % is -2,291.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PureRay stock overvalued right now?
PureRay (PURY) has a current ROCE % of -2,291.10%. The current ROCE % is -2,291.10%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For PureRay (PURY), the current ROCE % is -2,291.10% as of Jan. 2009. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PureRay Business Description

Address 3490 Piedmont Road, Suite 1120, Atlanta, GA, USA, 30305
PureRay Corp designs, manufactures and distributes solar charging and lighting systems. It has developed a patent-pending, self-contained and solar-powered LED lighting system with a charging station and rechargeable bulbs.