Archon (Archon) ROCE % : 0.72% (As of Dec. 2010)

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What is Archon 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. Archon's annualized ROCE % for the quarter that ended in Dec. 2010 was 0.72%.

Archon ROCE % Historical Data

The historical data trend for Archon'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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Archon ROCE % Chart

Archon Annual Data

Trend

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

ROCE %

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2.79

3.74

31.60

0.20

0.65

Archon Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
ROCE %	Get a 7-Day Free Trial															0.59	2.19	-0.06	-0.21	0.72

Archon ROCE % Calculation

Archon's annualized ROCE % for the fiscal year that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2010 )		(A: Sep. 2009 )		(A: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2010 )		(A: Sep. 2009 )		(A: Sep. 2010 )
	=	1.127	/	( ( (196.984 - 20.28)	+	(184.123 - 16.458) )	/ 2 )
	=	1.127	/	( (176.704	+	167.665)	/ 2 )
	=	1.127	/	172.1845
	=	0.65 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2010 )		(Q: Sep. 2010 )		(Q: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2010 )		(Q: Sep. 2010 )		(Q: Dec. 2010 )
	=	1.184	/	( ( (184.123 - 16.458)	+	(184.169 - 21.064) )	/ 2 )
	=	1.184	/	( ( 167.665	+	163.105 )	/ 2 )
	=	1.184	/	165.385
	=	0.72 %

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

Archon (OTCPK:ARHN) 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.

Archon ROCE % Related Terms

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Archon (Archon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Archon Corp (OTCPK:ARHN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Casino Drive, Laughlin, NV, USA, 89029

Website

http://www.pioneerlaughlin.com

Archon Corp is a United States based company focused on operating the Pioneer Hotel & Gambling Hall in Laughlin through its wholly-owned subsidiary. It is engaged in operating hotel and casino activities. In addition, the company also owns real estates and investment properties.

Executives

Richard J Taggart	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
D. E. Shaw & Co, L.p.	10 percent owner, other: See footnotes 1 and 2.	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
David E Shaw	10 percent owner, other: See footnotes 1 and 2.	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner, other: See footnotes 1 and 2.	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw Laminar Portfolios, L.l.c.	10 percent owner, other: See footnotes 1 and 2.	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036

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