International Minerals (FRA:MIW) ROCE % : 1.14% (As of Sep. 2013)

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What is International Minerals 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. International Minerals's annualized ROCE % for the quarter that ended in Sep. 2013 was 1.14%.

International Minerals ROCE % Historical Data

The historical data trend for International Minerals'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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International Minerals ROCE % Chart

International Minerals Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

ROCE %

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7.97

8.67

17.58

10.66

3.67

International Minerals Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial															12.24	6.27	2.66	-7.02	1.14

International Minerals ROCE % Calculation

International Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	9.484	/	( ( (267.947 - 2.684)	+	(255.908 - 4.769) )	/ 2 )
	=	9.484	/	( (265.263	+	251.139)	/ 2 )
	=	9.484	/	258.201
	=	3.67 %

International Minerals's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	2.852	/	( ( (255.908 - 4.769)	+	(249.718 - 1.241) )	/ 2 )
	=	2.852	/	( ( 251.139	+	248.477 )	/ 2 )
	=	2.852	/	249.808
	=	1.14 %

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

International Minerals (FRA:MIW) 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.

International Minerals ROCE % Related Terms

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International Minerals (FRA:MIW) Business Description

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Address

Website

http://www.intlminerals.com

International Minerals Corporation is a Canadian mineral resource company engaged, indirectly through its subsidiaries and investee companies, in the exploration, development and exploitation of gold and silver deposits in the northern Andes of South America (Peru and Ecuador) and in the state of Nevada, U.S.A. The Company has identified proven and probable reserves at its Pallancata, Inmaculada, Rio Blanco and Goldfield properties and is currently developing or may proceed to develop these reserves.

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