Vie Financial Group (Vie Financial Group) ROCE % : -437.26% (As of Sep. 2004)

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What is Vie Financial Group 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. Vie Financial Group's annualized ROCE % for the quarter that ended in Sep. 2004 was -437.26%.

Vie Financial Group ROCE % Historical Data

The historical data trend for Vie Financial Group'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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Vie Financial Group ROCE % Chart

Vie Financial Group Annual Data

Trend

Mar95

Mar96

Mar97

Mar98

Mar99

Mar00

Mar01

Mar02

Mar03

Mar04

ROCE %

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-87.78

-70.73

-189.33

-592.43

-277.48

Vie Financial Group Quarterly Data
	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04
ROCE %	Get a 7-Day Free Trial															-55.81	-124.22	-281.00	-334.14	-437.26

Vie Financial Group ROCE % Calculation

Vie Financial Group's annualized ROCE % for the fiscal year that ended in Mar. 2004 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2004 )		(A: Mar. 2003 )		(A: Mar. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2004 )		(A: Mar. 2003 )		(A: Mar. 2004 )
	=	-6.88	/	( ( (4.6 - 1.58)	+	(3.688 - 1.749) )	/ 2 )
	=	-6.88	/	( (3.02	+	1.939)	/ 2 )
	=	-6.88	/	2.4795
	=	-277.48 %

Vie Financial Group's ROCE % of for the quarter that ended in Sep. 2004 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2004 )		(Q: Jun. 2004 )		(Q: Sep. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2004 )		(Q: Jun. 2004 )		(Q: Sep. 2004 )
	=	-1.596	/	( ( (2.937 - 2.228)	+	(2.886 - 2.865) )	/ 2 )
	=	-1.596	/	( ( 0.709	+	0.021 )	/ 2 )
	=	-1.596	/	0.365
	=	-437.26 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2004) EBIT data.

Vie Financial Group (GREY:VIFI) 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.

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Vie Financial Group (Vie Financial Group) Business Description

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Address

1114 Avenue of the Americas, 22nd Floor, 22 Floor, New York, NY, USA, 10036

Website

Vie Financial Group Inc provides electronic trading services to institutional investors and broker-dealers.

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