Trafford Resources (ASX:TRF) ROCE % : -109.89% (As of Dec. 2014)

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What is Trafford Resources 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. Trafford Resources's annualized ROCE % for the quarter that ended in Dec. 2014 was -109.89%.

Trafford Resources ROCE % Historical Data

The historical data trend for Trafford Resources'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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Trafford Resources ROCE % Chart

Trafford Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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-11.99

-34.79

-0.37

-98.37

-65.61

Trafford Resources Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
ROCE %	Get a 7-Day Free Trial														-42.85	-194.04	34.09	-150.54	-109.89

Trafford Resources ROCE % Calculation

Trafford Resources's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	-3.794	/	( ( (7.8 - 1.009)	+	(5.467 - 0.692) )	/ 2 )
	=	-3.794	/	( (6.791	+	4.775)	/ 2 )
	=	-3.794	/	5.783
	=	-65.61 %

Trafford Resources's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	-4.432	/	( ( (5.467 - 0.692)	+	(3.879 - 0.588) )	/ 2 )
	=	-4.432	/	( ( 4.775	+	3.291 )	/ 2 )
	=	-4.432	/	4.033
	=	-109.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2014) EBIT data.

Trafford Resources (ASX:TRF) 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.

Trafford Resources ROCE % Related Terms

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Trafford Resources (ASX:TRF) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trafford Resources Ltd (ASX:TRF) » Definitions » ROCE %

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Address

Website

http://www.traffordresources.com

Trafford Resources Limited is a mineral exploration company with projects in South and Western Australia. Company also has a 0.5053 interest in IronClad Mining Ltd (IronClad).

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