Australian Zircon NL (ASX:AZCCA) ROCE % : 0.00% (As of Jun. 2015)

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What is Australian Zircon NL 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. Australian Zircon NL's annualized ROCE % for the quarter that ended in Jun. 2015 was 0.00%.

Australian Zircon NL ROCE % Historical Data

The historical data trend for Australian Zircon NL'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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Australian Zircon NL ROCE % Chart

Australian Zircon NL Annual Data

Trend

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ROCE %

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Australian Zircon NL Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Jun10	Jun11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Australian Zircon NL ROCE % Calculation

Australian Zircon NL's annualized ROCE % for the fiscal year that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	-6.549	/	( ( (18.027 - 94.082)	+	(19.009 - 107.123) )	/ 2 )
	=	-6.549	/	( (-76.055	+	-88.114)	/ 2 )
	=	-6.549	/	-82.0845
	=	7.98 %

Australian Zircon NL's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	-4.284	/	( ( (18.472 - 101.726)	+	(19.009 - 107.123) )	/ 2 )
	=	-4.284	/	( ( -83.254	+	-88.114 )	/ 2 )
	=	-4.284	/	-85.684
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

Australian Zircon NL (ASX:AZCCA) 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.

Australian Zircon NL ROCE % Related Terms

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Australian Zircon NL (ASX:AZCCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Zircon NL (ASX:AZCCA) » Definitions » ROCE %

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Website

http://www.auzircon.com.au

Australian Zircon NL is incorporated in Australia and was founded in 1994. The Company is engaged in mineral sands exploration and mining business. The Company focuses on developing the WIM150 mineral sands project located in the Wimmera region of western Victoria. It also holds interest in the EL 5460 exploration tenement located in the Horsham region, Victoria.

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