Smart Ventures (Smart Ventures) ROCE % : 0.00% (As of Sep. 2011)

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What is Smart Ventures 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. Smart Ventures's annualized ROCE % for the quarter that ended in Sep. 2011 was 0.00%.

Smart Ventures ROCE % Historical Data

The historical data trend for Smart Ventures'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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Smart Ventures ROCE % Chart

Smart Ventures Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

ROCE %

-105.88

-428.57

Smart Ventures Quarterly Data
	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
ROCE %	Get a 7-Day Free Trial												-	-	-	-	-

Smart Ventures ROCE % Calculation

Smart Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	-0.084	/	( ( (0 - 0.02)	+	(0 - 0.104) )	/ 2 )
	=	-0.084	/	( (-0.02	+	-0.104)	/ 2 )
	=	-0.084	/	-0.062
	=	135.48 %

Smart Ventures's ROCE % of for the quarter that ended in Sep. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	-0.012	/	( ( (0 - 0.128)	+	(0 - 0.132) )	/ 2 )
	=	-0.012	/	( ( -0.128	+	-0.132 )	/ 2 )
	=	-0.012	/	-0.13
	=	0 %

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

Smart Ventures (GREY:SMVR) 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.

Smart Ventures ROCE % Related Terms

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Smart Ventures (Smart Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Smart Ventures Inc (GREY:SMVR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1907 Woerner Road, Houston, TX, USA, 77090

Website

http://www.smartventuresinc.us

Smart Ventures Inc is a diversified holding company. The company through its subsidiary is engaged in providing oil & gas drilling services, engineering (EPC), mineral mining, and also engaged in supplying of specialty chemicals.

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