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Invitro International (Invitro International) ROCE % : -76.10% (As of Jun. 2097)


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What is Invitro International 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. Invitro International's annualized ROCE % for the quarter that ended in Jun. 2097 was -76.10%.

Invitro International ROCE % Historical Data

The historical data trend for Invitro International'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.

* Premium members only.

Invitro International ROCE % Chart

Invitro International Annual Data
Trend Feb90 Feb91 Sep92 Sep93 Sep94 Sep95 Sep96
ROCE %
Get a 7-Day Free Trial -441.67 -118.64 -90.20 -71.43 -83.33

Invitro International Quarterly Data
Sep92 Dec92 Mar93 Jun93 Sep93 Dec93 Mar94 Jun94 Sep94 Dec94 Mar95 Jun95 Sep95 Dec95 Mar96 Jun96 Sep96 Dec96 Mar97 Jun97
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -69.66 -114.42 60.00 -139.57 -76.10

Invitro International ROCE % Calculation

Invitro International's annualized ROCE % for the fiscal year that ended in Sep. 2096 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2096 )  (A: Sep. 2095 )(A: Sep. 2096 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2096 )  (A: Sep. 2095 )(A: Sep. 2096 )
=-2/( ( (3.2 - 0.4) + (2.4 - 0.4) )/ 2 )
=-2/( (2.8+2)/ 2 )
=-2/2.4
=-83.33 %

Invitro International's ROCE % of for the quarter that ended in Jun. 2097 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2097 )  (Q: Mar. 2097 )(Q: Jun. 2097 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2097 )  (Q: Mar. 2097 )(Q: Jun. 2097 )
=-0.804/( ( (1.414 - 0.259) + (1.151 - 0.193) )/ 2 )
=-0.804/( ( 1.155 + 0.958 )/ 2 )
=-0.804/1.0565
=-76.10 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2097) EBIT data.

* 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.

Invitro International  (OTCPK:IVRO) 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.

Invitro International ROCE % Related Terms

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Invitro International (Invitro International) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
330 East Orangethorpe Avenue, Suite D, Placentia, CA, USA, 92870
Website
https://www.invitrointl.com
Invitro International is a provider of non-animal testing methods. The company develops and commercializes test kits and laboratory services. Its testing technologies are designed to produce data regarding corrosivity, or ocular/dermal irritation, which correlate with animal and human test results. Its products and services include Irritection, Corrositex, and Lab Services. The company provides its products to various industries such as cosmetics, personal care, household products, textiles, pharmaceuticals, chemicals, and hazardous waste transportation. The majority of its revenue is generated from the United States and it also exports to other countries.