Kagara (Kagara) ROCE % : -21.72% (As of Dec. 2011)

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What is Kagara 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. Kagara's annualized ROCE % for the quarter that ended in Dec. 2011 was -21.72%.

Kagara ROCE % Historical Data

The historical data trend for Kagara'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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Kagara ROCE % Chart

Kagara Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

ROCE %

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53.91

26.04

-22.87

2.28

-7.91

Kagara Semi-Annual Data
	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11
ROCE %	Get a 7-Day Free Trial															1.40	2.80	1.51	-16.09	-21.72

Kagara ROCE % Calculation

Kagara's annualized ROCE % for the fiscal year that ended in Jun. 2011 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2011 )		(A: Jun. 2010 )		(A: Jun. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2011 )		(A: Jun. 2010 )		(A: Jun. 2011 )
	=	-46.192	/	( ( (586.408 - 46.752)	+	(720.627 - 91.661) )	/ 2 )
	=	-46.192	/	( (539.656	+	628.966)	/ 2 )
	=	-46.192	/	584.311
	=	-7.91 %

Kagara's ROCE % of for the quarter that ended in Dec. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2011 )		(Q: Jun. 2011 )		(Q: Dec. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2011 )		(Q: Jun. 2011 )		(Q: Dec. 2011 )
	=	-131.996	/	( ( (720.627 - 91.661)	+	(714.087 - 127.729) )	/ 2 )
	=	-131.996	/	( ( 628.966	+	586.358 )	/ 2 )
	=	-131.996	/	607.662
	=	-21.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2011) EBIT data.

Kagara (GREY:KGRZF) 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.

Kagara ROCE % Related Terms

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Kagara (Kagara) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kagara Ltd (GREY:KGRZF) » Definitions » ROCE %

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Address

Website

http://www.kagara.com.au

Kagara Ltd is an Australian resources company. The Company is engaged in the diversified production of metals including copper, zinc-lead and nickel. Its portfolio includes Admiral Bay zinc-lead-silver-barite deposit in Western Australia.

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