SheerVision (SheerVision) ROCE % : 0.00% (As of May. 2010)

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What is SheerVision 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. SheerVision's annualized ROCE % for the quarter that ended in May. 2010 was 0.00%.

SheerVision ROCE % Historical Data

The historical data trend for SheerVision'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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SheerVision ROCE % Chart

SheerVision Annual Data

Trend

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Aug06

Aug07

Aug08

Aug09

ROCE %

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-201.44

-132.03

SheerVision Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

SheerVision ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2009 )		(A: Aug. 2008 )		(A: Aug. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2009 )		(A: Aug. 2008 )		(A: Aug. 2009 )
	=	-0.156	/	( ( (0.961 - 1.223)	+	(0.838 - 1.431) )	/ 2 )
	=	-0.156	/	( (-0.262	+	-0.593)	/ 2 )
	=	-0.156	/	-0.4275
	=	36.49 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2010 )		(Q: Feb. 2010 )		(Q: May. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2010 )		(Q: Feb. 2010 )		(Q: May. 2010 )
	=	1.608	/	( ( (0.76 - 1.978)	+	(0.782 - 1.658) )	/ 2 )
	=	1.608	/	( ( -1.218	+	-0.876 )	/ 2 )
	=	1.608	/	-1.047
	=	0 %

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

SheerVision (OTCPK:SVSO) 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.

SheerVision ROCE % Related Terms

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SheerVision (SheerVision) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SheerVision Inc (OTCPK:SVSO) » Definitions » ROCE %

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N/A

Address

4030 Palos Verdes Drive N., Suite 104, Rolling Hills, CA, USA, 90274

Website

http://www.sheervision.com

SheerVision Inc designs, manufactures, markets, and sells proprietary surgical loupes and headlight systems to the dental, medical, and veterinary markets throughout the world. The company sells its products through distributors and e-commerce Website.

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