Prospect Global Resources, (FRA:0PGN) ROCE % : 0.00% (As of Dec. 2013)

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What is Prospect Global 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. Prospect Global Resources,'s annualized ROCE % for the quarter that ended in Dec. 2013 was 0.00%.

Prospect Global Resources, ROCE % Historical Data

The historical data trend for Prospect Global 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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Prospect Global Resources, ROCE % Chart

Prospect Global Resources, Annual Data

Trend

Dec09

Dec10

Dec11

Mar12

Mar13

ROCE %

-37.50

-772.68

-107.74

Prospect Global Resources, Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
ROCE %	Get a 7-Day Free Trial															-	-	-	-63.62	-

Prospect Global Resources, ROCE % Calculation

Prospect Global Resources,'s annualized ROCE % for the fiscal year that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	-57.733	/	( ( (18.476 - 1.148)	+	(13.129 - 113.426) )	/ 2 )
	=	-57.733	/	( (17.328	+	-100.297)	/ 2 )
	=	-57.733	/	-41.4845
	=	139.17 %

Prospect Global Resources,'s ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	-16.724	/	( ( (42.531 - 20.126)	+	(10.43 - 122.492) )	/ 2 )
	=	-16.724	/	( ( 22.405	+	-112.062 )	/ 2 )
	=	-16.724	/	-44.8285
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

Prospect Global Resources, (FRA:0PGN) 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.

Prospect Global Resources, ROCE % Related Terms

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Prospect Global Resources, (FRA:0PGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Global Resources, Inc. (FRA:0PGN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1401 17th Street, Suite 1550, Denver, CO, USA, 80202

Website

http://www.prospectgri.com

Prospect Global Resources Inc is engaged in the exploration and mining of natural resources. The Company is engaged in the exploration and mining of potash in the Holbrook Basin of eastern Arizona.

Prospect Global Resources, (FRA:0PGN) Headlines

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