QRS Music Technologies (QRS Music Technologies) ROCE % : -13.01% (As of Mar. 2007)

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What is QRS Music Technologies 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. QRS Music Technologies's annualized ROCE % for the quarter that ended in Mar. 2007 was -13.01%.

QRS Music Technologies ROCE % Historical Data

The historical data trend for QRS Music Technologies'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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QRS Music Technologies ROCE % Chart

QRS Music Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

ROCE %

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17.97

19.76

30.12

19.10

4.02

QRS Music Technologies Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
ROCE %	Get a 7-Day Free Trial															-1.21	-8.84	-17.61	16.43	-13.01

QRS Music Technologies ROCE % Calculation

QRS Music Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2006 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2006 )		(A: Jun. 2005 )		(A: Jun. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2006 )		(A: Jun. 2005 )		(A: Jun. 2006 )
	=	0.4	/	( ( (11.783 - 2.357)	+	(13.046 - 2.575) )	/ 2 )
	=	0.4	/	( (9.426	+	10.471)	/ 2 )
	=	0.4	/	9.9485
	=	4.02 %

QRS Music Technologies's ROCE % of for the quarter that ended in Mar. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2007 )		(Q: Dec. 2006 )		(Q: Mar. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2007 )		(Q: Dec. 2006 )		(Q: Mar. 2007 )
	=	-1.344	/	( ( (12.872 - 2.484)	+	(12.333 - 2.06) )	/ 2 )
	=	-1.344	/	( ( 10.388	+	10.273 )	/ 2 )
	=	-1.344	/	10.3305
	=	-13.01 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2007) EBIT data.

QRS Music Technologies (OTCPK:QRSM) 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.

QRS Music Technologies ROCE % Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

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