Avocet Resources (FRA:U3O) ROCE % : 4.52% (As of Jun. 2013)

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What is Avocet 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. Avocet Resources's annualized ROCE % for the quarter that ended in Jun. 2013 was 4.52%.

Avocet Resources ROCE % Historical Data

The historical data trend for Avocet 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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Avocet Resources ROCE % Chart

Avocet Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

ROCE %

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-16.85

-17.65

-13.30

-7.33

-24.36

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
ROCE %	Get a 7-Day Free Trial									134.67	-25.84	-69.46	-126.27	4.52

Avocet Resources ROCE % Calculation

Avocet Resources's annualized ROCE % for the fiscal year that ended in Jun. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	-2.135	/	( ( (9.642 - 0.344)	+	(8.407 - 0.177) )	/ 2 )
	=	-2.135	/	( (9.298	+	8.23)	/ 2 )
	=	-2.135	/	8.764
	=	-24.36 %

Avocet Resources's ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	0.9	/	( ( (6.263 - 0.174)	+	(34.333 - 0.618) )	/ 2 )
	=	0.9	/	( ( 6.089	+	33.715 )	/ 2 )
	=	0.9	/	19.902
	=	4.52 %

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

Avocet Resources (FRA:U3O) 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.

Avocet Resources ROCE % Related Terms

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Avocet Resources (FRA:U3O) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Resources Ltd (FRA:U3O) » Definitions » ROCE %

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Address

Website

http://www.U308.com.au

Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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