RINO International (RINO International) ROCE % : 13.98% (As of Sep. 2010)

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What is RINO 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. RINO International's annualized ROCE % for the quarter that ended in Sep. 2010 was 13.98%.

RINO International ROCE % Historical Data

The historical data trend for RINO 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.

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RINO International ROCE % Chart

RINO International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

ROCE %

-4.12

76.49

53.10

31.04

33.70

RINO International Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
ROCE %	Get a 7-Day Free Trial															62.37	30.18	15.65	26.89	13.98

RINO International ROCE % Calculation

RINO International's annualized ROCE % for the fiscal year that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2009 )		(A: Dec. 2008 )		(A: Dec. 2009 )
	=	56.483	/	( ( (118.628 - 27.232)	+	(259.075 - 15.253) )	/ 2 )
	=	56.483	/	( (91.396	+	243.822)	/ 2 )
	=	56.483	/	167.609
	=	33.70 %

RINO International's ROCE % of for the quarter that ended in Sep. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2010 )		(Q: Jun. 2010 )		(Q: Sep. 2010 )
	=	39.704	/	( ( (300.875 - 23.669)	+	(331.231 - 40.407) )	/ 2 )
	=	39.704	/	( ( 277.206	+	290.824 )	/ 2 )
	=	39.704	/	284.015
	=	13.98 %

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

RINO International (OTCPK:RINO) 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.

RINO International ROCE % Related Terms

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RINO International (RINO International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RINO International Corp (OTCPK:RINO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

RINO International Corp is in the business of identifying and acquiring strategic intellectual property in the agricultural technology, biotechnologies, and energy industries.

Executives

Glenn Little

director, 10 percent owner, officer: CEO & CFO

211 WEST WALL ST, MIDLAND TX 70701

RINO International (RINO International) Headlines

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