CanAm Coal (FRA:RHE) ROCE % : -19.74% (As of Sep. 2014)

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What is CanAm Coal 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. CanAm Coal's annualized ROCE % for the quarter that ended in Sep. 2014 was -19.74%.

CanAm Coal ROCE % Historical Data

The historical data trend for CanAm Coal'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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CanAm Coal ROCE % Chart

CanAm Coal Annual Data

Trend

Jan04

Jan05

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Dec12

Dec13

ROCE %

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-26.59

-22.05

-28.25

-19.88

-17.50

CanAm Coal Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial															-4.46	-48.21	-18.01	-17.44	-19.74

CanAm Coal ROCE % Calculation

CanAm Coal's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-5.076	/	( ( (50.907 - 13.509)	+	(44.619 - 24.009) )	/ 2 )
	=	-5.076	/	( (37.398	+	20.61)	/ 2 )
	=	-5.076	/	29.004
	=	-17.50 %

CanAm Coal's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	-5.788	/	( ( (41.531 - 12.89)	+	(44.203 - 14.205) )	/ 2 )
	=	-5.788	/	( ( 28.641	+	29.998 )	/ 2 )
	=	-5.788	/	29.3195
	=	-19.74 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

CanAm Coal (FRA:RHE) 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.

CanAm Coal ROCE % Related Terms

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CanAm Coal (FRA:RHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CanAm Coal Corp (FRA:RHE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1201-5th Street S W, Suite 202, Calgary, AB, CAN, T2R 0Y6

Website

http://www.canamcoal.com

CanAm Coal Corp acquires, explores and develops coal resources and resource related technologies. It owns and operates coal mines in Alabama. It also evaluates on an ongoing basis other coal and related opportunities.