Strasbaugh (Strasbaugh) ROCE % : 31.75% (As of Jun. 2010)

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What is Strasbaugh 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. Strasbaugh's annualized ROCE % for the quarter that ended in Jun. 2010 was 31.75%.

Strasbaugh ROCE % Historical Data

The historical data trend for Strasbaugh'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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Strasbaugh ROCE % Chart

Strasbaugh Annual Data

Trend

Mar98

Mar99

Mar00

Mar01

Mar02

Mar03

Mar04

Dec07

Dec08

Dec09

ROCE %

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-11.46

-24.52

-1.79

-48.79

-11.77

Strasbaugh Quarterly Data
	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
ROCE %	Get a 7-Day Free Trial															-83.54	-75.68	78.30	34.11	31.75

Strasbaugh ROCE % Calculation

Strasbaugh's annualized ROCE % for the fiscal year that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	-0.67	/	( ( (10.087 - 3.511)	+	(12.557 - 7.747) )	/ 2 )
	=	-0.67	/	( (6.576	+	4.81)	/ 2 )
	=	-0.67	/	5.693
	=	-11.77 %

Strasbaugh's ROCE % of for the quarter that ended in Jun. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2010 )		(Q: Mar. 2010 )		(Q: Jun. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2010 )		(Q: Mar. 2010 )		(Q: Jun. 2010 )
	=	1.828	/	( ( (11.157 - 5.693)	+	(10.075 - 4.024) )	/ 2 )
	=	1.828	/	( ( 5.464	+	6.051 )	/ 2 )
	=	1.828	/	5.7575
	=	31.75 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2010) EBIT data.

Strasbaugh (OTCPK:STRB) 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.

Strasbaugh ROCE % Related Terms

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Strasbaugh (Strasbaugh) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Strasbaugh (OTCPK:STRB) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

825 Buckley Road, San Luis Obispo, CA, USA, 93401

Website

http://www.strasbaugh.com

Strasbaugh makes equipment that is used to make microelectronics. The company manufactures and sells CMP and grinding equipment for use in the production of semiconductor devices. Its CMP and wafer grinding systems are used to manufacture a range of mobile devices, including MEMS, LEDs, RF/power devices, thin film heads, and ICs.

Executives

Bryant R Riley	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Miller Lloyd I Iii	10 percent owner
Richard H Nance	officer: Executive VP and CFO	825 BUCKLEY ROAD, SAN LUIS OBISPO CA 93401
Wes Cummins	director	4505 LORRAINE AVE, DALLAS TX 75205
Danilo Cacciamatta	director
Michael B Targoff	director	40 WEST 57TH ST., NEW YORK NY 10019

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