Riviera Tool Co (Riviera Tool Co) ROCE % : 2.12% (As of Nov. 2006)

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What is Riviera Tool Co 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. Riviera Tool Co's annualized ROCE % for the quarter that ended in Nov. 2006 was 2.12%.

Riviera Tool Co ROCE % Historical Data

The historical data trend for Riviera Tool Co'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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Riviera Tool Co ROCE % Chart

Riviera Tool Co Annual Data

Trend

Aug97

Aug98

Aug99

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

ROCE %

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-13.26

9.85

-51.71

39.91

1.97

Riviera Tool Co Quarterly Data
	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06
ROCE %	Get a 7-Day Free Trial															0.86	9.98	13.49	-17.18	2.12

Riviera Tool Co ROCE % Calculation

Riviera Tool Co's annualized ROCE % for the fiscal year that ended in Aug. 2006 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2006 )		(A: Aug. 2005 )		(A: Aug. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2006 )		(A: Aug. 2005 )		(A: Aug. 2006 )
	=	0.278	/	( ( (21.217 - 7.467)	+	(21.543 - 7.037) )	/ 2 )
	=	0.278	/	( (13.75	+	14.506)	/ 2 )
	=	0.278	/	14.128
	=	1.97 %

Riviera Tool Co's ROCE % of for the quarter that ended in Nov. 2006 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2006 )		(Q: Aug. 2006 )		(Q: Nov. 2006 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2006 )		(Q: Aug. 2006 )		(Q: Nov. 2006 )
	=	0.292	/	( ( (21.543 - 7.037)	+	(20.384 - 7.383) )	/ 2 )
	=	0.292	/	( ( 14.506	+	13.001 )	/ 2 )
	=	0.292	/	13.7535
	=	2.12 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2006) EBIT data.

Riviera Tool Co (OTCPK:RIVT) 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.

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Riviera Tool Co (Riviera Tool Co) Business Description

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Address

5460 Executive Parkway S.E., Grand Rapids, MI, USA, 49512

Website

http://www.rivieratool.com

Riviera Tool Co designs and manufactures large stamping die systems used to form sheet metal parts. These systems are used by automobile manufacturers to produce automobile and truck body parts such as roofs, hoods, fenders, doors, door frames, structural components, and bumpers. The company's customers include major automobile manufacturers.

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