Spire (SPIR) ROCE % : -5,339.39% (As of Sep. 2014)

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What is Spire 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. Spire's annualized ROCE % for the quarter that ended in Sep. 2014 was -5,339.39%.

Spire ROCE % Historical Data

The historical data trend for Spire'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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Spire ROCE % Chart

Spire Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-72.87

-22.45

-6.54

-56.47

-103.23

Spire Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial															-100.75	-93.86	-269.33	-234.41	-5,339.39

Spire ROCE % Calculation

Spire's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-8.385	/	( ( (16.625 - 5.456)	+	(16.069 - 10.992) )	/ 2 )
	=	-8.385	/	( (11.169	+	5.077)	/ 2 )
	=	-8.385	/	8.123
	=	-103.23 %

Spire's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	-3.524	/	( ( (9.34 - 8.649)	+	(9.733 - 10.292) )	/ 2 )
	=	-3.524	/	( ( 0.691	+	-0.559 )	/ 2 )
	=	-3.524	/	0.066000000000001
	=	-5,339.39 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

Spire (OTCPK:SPIR) 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.

Spire ROCE % Related Terms

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Spire (SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spire Corp (OTCPK:SPIR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Patriots Park, Bedford, MA, USA, 01730-2396

Website

http://www.spirecorp.com

Spire Corp and its subsidiaries develop, manufacture and market engineered products and services. The company operates in two business areas namely capital equipment for the photovoltaic solar industry and biomedical. Its photovoltaic solar area produces, assembles and sells specialized equipment for the production of terrestrial photovoltaic modules from solar cells. The biomedical area provides surface treatments to the manufacturers of orthopedic and other medical devices. Additionally, the company provides training and assistance with module certification and solar factory management services. Further, it offers its products geographically across countries like the United States, Asia, Europe and Africa, and internationally.

Executives

David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Richard Thomley	officer: CAO and Corporate Controller	C/O PRESSURE BIOSCIENCES, INC., 14 NORFOLK AVE., SOUTH EASTON MA 02375
James F Parslow	officer: Chief Financial Officer	C/O XENETIC BIOSCIENCES, INC., 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421