SPQS (SportsQuest) ROCE % : -6.54% (As of Oct. 2007)

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What is SportsQuest 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. SportsQuest's annualized ROCE % for the quarter that ended in Oct. 2007 was -6.54%.

SportsQuest ROCE % Historical Data

The historical data trend for SportsQuest'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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SportsQuest ROCE % Chart

SportsQuest Annual Data

Trend

Oct98

Oct99

Oct00

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

ROCE %

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-6.54

SportsQuest Semi-Annual Data
	Oct96	Oct97	Oct98	Oct99	Oct00	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07
ROCE %	Get a 7-Day Free Trial							-	-	-	-	-6.54

SportsQuest ROCE % Calculation

SportsQuest's annualized ROCE % for the fiscal year that ended in Oct. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2007 )		(A: Oct. 2006 )		(A: Oct. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2007 )		(A: Oct. 2006 )		(A: Oct. 2007 )
	=	-0.358	/	( ( (0 - 0.356)	+	(15.541 - 4.239) )	/ 2 )
	=	-0.358	/	( (-0.356	+	11.302)	/ 2 )
	=	-0.358	/	5.473
	=	-6.54 %

SportsQuest's ROCE % of for the quarter that ended in Oct. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2007 )		(Q: Oct. 2006 )		(Q: Oct. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2007 )		(Q: Oct. 2006 )		(Q: Oct. 2007 )
	=	-0.358	/	( ( (0 - 0.356)	+	(15.541 - 4.239) )	/ 2 )
	=	-0.358	/	( ( -0.356	+	11.302 )	/ 2 )
	=	-0.358	/	5.473
	=	-6.54 %

(1) Note: The EBIT data used here is one times the annual (Oct. 2007) EBIT data.

SportsQuest (OTCPK:SPQS) 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.

SportsQuest ROCE % Related Terms

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SportsQuest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401

Website

https://www.sports-quest.co

SportsQuest Inc is currently is in development stage company of a sports franchise. The company is engaged in sports and hospitality related services.

Executives

Roy Thomas Kidd	director, officer: President, CEO	432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc	other: Related party	500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401