T.W. Christian (T.W. Christian) ROCE % : 0.00% (As of Sep. 2005)

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What is T.W. Christian 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. T.W. Christian's annualized ROCE % for the quarter that ended in Sep. 2005 was 0.00%.

T.W. Christian ROCE % Historical Data

The historical data trend for T.W. Christian'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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T.W. Christian ROCE % Chart

T.W. Christian Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

ROCE %

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T.W. Christian Quarterly Data
	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

T.W. Christian ROCE % Calculation

T.W. Christian's annualized ROCE % for the fiscal year that ended in Dec. 2004 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2004 )		(A: Dec. 2003 )		(A: Dec. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2004 )		(A: Dec. 2003 )		(A: Dec. 2004 )
	=	-15.643	/	( ( (0.13 - 1.661)	+	(0.09 - 1.923) )	/ 2 )
	=	-15.643	/	( (-1.531	+	-1.833)	/ 2 )
	=	-15.643	/	-1.682
	=	930.02 %

T.W. Christian's ROCE % of for the quarter that ended in Sep. 2005 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2005 )		(Q: Jun. 2005 )		(Q: Sep. 2005 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2005 )		(Q: Jun. 2005 )		(Q: Sep. 2005 )
	=	-0.728	/	( ( (0.097 - 2.356)	+	(0.155 - 2.356) )	/ 2 )
	=	-0.728	/	( ( -2.259	+	-2.201 )	/ 2 )
	=	-0.728	/	-2.23
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2005) EBIT data.

T.W. Christian (OTCPK:TWCI) 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.

T.W. Christian ROCE % Related Terms

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T.W. Christian (T.W. Christian) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » T.W. Christian Inc (OTCPK:TWCI) » Definitions » ROCE %

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Address

555 Burrard Street, 9th Floor, Vancouver, BC, CAN, V7X 1M8

Website

http://www.twchristian.com

T.W. Christian Inc is an investment banking firm. It offers services such as spin-offs, debt-to-equity conversions, restructurings, direct equity investments and leveraged buyouts.

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