SPGZ (Spectrum Group International) ROCE %: -7.17% (As of Dec. 2013)


What is Spectrum Group International ROCE %?

Spectrum Group International SPGZ ROCE % is -7.17% as of Dec. 2013.

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. Spectrum Group International's annualized ROCE % for the quarter that ended in Dec. 2013 was -7.17%.

Spectrum Group International  (OTCPK:SPGZ) 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.

Spectrum Group International ROCE % Related Terms

Spectrum Group International ROCE % Historical Data

* Premium members only.

The historical data trend for Spectrum Group International'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.

Spectrum Group International ROCE % Chart

Spectrum Group International Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.87 4.42 11.25 11.56 8.70

Spectrum Group International Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 7.90 9.44 20.63 11.34 -7.17

Spectrum Group International ROCE % Calculation

Spectrum Group International's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2013 )  (A: Jun. 2012 )(A: Jun. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2013 )  (A: Jun. 2012 )(A: Jun. 2013 )
=9.543/( ( (394.211 - 273.582) + (371.375 - 272.585) )/ 2 )
=9.543/( (120.629+98.79)/ 2 )
=9.543/109.7095
=8.70 %

Spectrum Group International's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2013 )  (Q: Sep. 2013 )(Q: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2013 )  (Q: Sep. 2013 )(Q: Dec. 2013 )
=-7.04/( ( (357.456 - 257.787) + (348.641 - 251.877) )/ 2 )
=-7.04/( ( 99.669 + 96.764 )/ 2 )
=-7.04/98.2165
=-7.17 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2013) 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 -7.17% mean?
Spectrum Group International (SPGZ) has a ROCE % of -7.17% as of Dec. 2013.
Is Spectrum Group International's ROCE % too high?
Spectrum Group International's current ROCE % is -7.17%.
How does Spectrum Group International's ROCE % compare to KIRK and LIVE?
Spectrum Group International's ROCE % of -7.17% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Cyclical company?
The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 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 Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spectrum Group International's current ROCE % is -7.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectrum Group International stock overvalued right now?
Spectrum Group International (SPGZ) has a current ROCE % of -7.17%. The current ROCE % is -7.17%. 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 Spectrum Group International (SPGZ), the current ROCE % is -7.17% as of Dec. 2013. 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.

Spectrum Group International Business Description

Address 1063 McGaw Avenue, Suite 250, Irvine, CA, USA, 92614
Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.