H.E.R.C. Products (H.E.R.C. Products) ROCE % : -235.04% (As of Jun. 2004)

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What is H.E.R.C. Products 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. H.E.R.C. Products's annualized ROCE % for the quarter that ended in Jun. 2004 was -235.04%.

H.E.R.C. Products ROCE % Historical Data

The historical data trend for H.E.R.C. Products'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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H.E.R.C. Products ROCE % Chart

H.E.R.C. Products Annual Data

Trend

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

ROCE %

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9.72

-19.80

-13.54

-35.47

-86.09

H.E.R.C. Products Quarterly Data
	Sep98	Dec98	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04
ROCE %	Get a 7-Day Free Trial															-176.45	-600.83	208.18	-15.53	-235.04

H.E.R.C. Products ROCE % Calculation

H.E.R.C. Products's annualized ROCE % for the fiscal year that ended in Dec. 2003 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2003 )		(A: Dec. 2002 )		(A: Dec. 2003 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2003 )		(A: Dec. 2002 )		(A: Dec. 2003 )
	=	-0.622	/	( ( (1.594 - 0.712)	+	(1.685 - 1.122) )	/ 2 )
	=	-0.622	/	( (0.882	+	0.563)	/ 2 )
	=	-0.622	/	0.7225
	=	-86.09 %

H.E.R.C. Products's ROCE % of for the quarter that ended in Jun. 2004 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2004 )		(Q: Mar. 2004 )		(Q: Jun. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2004 )		(Q: Mar. 2004 )		(Q: Jun. 2004 )
	=	-1.08	/	( ( (1.867 - 1.554)	+	(1.629 - 1.023) )	/ 2 )
	=	-1.08	/	( ( 0.313	+	0.606 )	/ 2 )
	=	-1.08	/	0.4595
	=	-235.04 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2004) EBIT data.

H.E.R.C. Products (OTCPK:HERC) 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.

H.E.R.C. Products ROCE % Related Terms

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H.E.R.C. Products (H.E.R.C. Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » H.E.R.C. Products Inc (OTCPK:HERC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1420 Columbus Avenue, Portsmouth, VA, USA, 23704

Website

http://www.hercprod.com

Executives

Robert W Affholder	director
John B Furman	director	1420 COLUMBUS AVENUE, PORTSMOUTH VA 23704