Panache Beverage (Panache Beverage) ROCE % : 7.35% (As of Jun. 2014)

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What is Panache Beverage 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. Panache Beverage's annualized ROCE % for the quarter that ended in Jun. 2014 was 7.35%.

Panache Beverage ROCE % Historical Data

The historical data trend for Panache Beverage'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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Panache Beverage ROCE % Chart

Panache Beverage Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-35.87

-727.69

-252.10

Panache Beverage Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
ROCE %	Get a 7-Day Free Trial															-179.11	-128.64	-120.52	-150.68	7.35

Panache Beverage ROCE % Calculation

Panache Beverage's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-4.597	/	( ( (2.904 - 3.601)	+	(7.18 - 2.836) )	/ 2 )
	=	-4.597	/	( (-0.697	+	4.344)	/ 2 )
	=	-4.597	/	1.8235
	=	-252.10 %

Panache Beverage's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	0.236	/	( ( (6.051 - 3.153)	+	(5.735 - 2.209) )	/ 2 )
	=	0.236	/	( ( 2.898	+	3.526 )	/ 2 )
	=	0.236	/	3.212
	=	7.35 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

Panache Beverage (GREY:WDKA) 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.

Panache Beverage ROCE % Related Terms

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Panache Beverage (Panache Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Panache Beverage Inc (GREY:WDKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, 150 Fifth Avenue, New York, NY, USA, 10010

Website

http://www.panachespirits.com

Panache Beverage Inc operates in the beverages industry in the United States. The company is engaged in manufacturing of vodka.

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