Primemd (Primemd) ROCE % : -5.15% (As of Dec. 2008)

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What is Primemd 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. Primemd's annualized ROCE % for the quarter that ended in Dec. 2008 was -5.15%.

Primemd ROCE % Historical Data

The historical data trend for Primemd'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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Primemd ROCE % Chart

Primemd Annual Data

Trend

Mar98

Mar99

Mar00

Mar01

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

ROCE %

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-8.54

-11.19

-13.98

-13.08

-16.97

Primemd Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
ROCE %	Get a 7-Day Free Trial															-6.98	-2.27	-3.29	-2.35	-5.15

Primemd ROCE % Calculation

Primemd's annualized ROCE % for the fiscal year that ended in Mar. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2007 )		(A: Mar. 2006 )		(A: Mar. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2007 )		(A: Mar. 2006 )		(A: Mar. 2007 )
	=	-0.216	/	( ( (1.19 - 0.012)	+	(1.372 - 0.005) )	/ 2 )
	=	-0.216	/	( (1.178	+	1.367)	/ 2 )
	=	-0.216	/	1.2725
	=	-16.97 %

Primemd's ROCE % of for the quarter that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2008 )		(Q: Sep. 2008 )		(Q: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2008 )		(Q: Sep. 2008 )		(Q: Dec. 2008 )
	=	-0.06	/	( ( (1.379 - 0.202)	+	(1.52 - 0.369) )	/ 2 )
	=	-0.06	/	( ( 1.177	+	1.151 )	/ 2 )
	=	-0.06	/	1.164
	=	-5.15 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2008) EBIT data.

Primemd (OTCPK:PRMD) 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.

Primemd ROCE % Related Terms

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Primemd (Primemd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Primemd Inc (OTCPK:PRMD) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9039 Antares Avenue, Suite No. E2, Columbus, OH, USA, 43240

Website

https://www.primemd.com

Primemd Inc is a multispecialty professional services company. The company employs physicians, nurse practitioners, medical assistants to deliver services. Its services include Pediatrics; Primary Care; Spine and Pain Management; Urgent Care and others.

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