Promithian Global Ventures (Promithian Global Ventures) ROCE % : 0.00% (As of Dec. 2009)

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What is Promithian Global Ventures 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. Promithian Global Ventures's annualized ROCE % for the quarter that ended in Dec. 2009 was 0.00%.

Promithian Global Ventures ROCE % Historical Data

The historical data trend for Promithian Global Ventures'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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Promithian Global Ventures ROCE % Chart

Promithian Global Ventures Annual Data

Trend

Mar09

ROCE %

-103.92

Promithian Global Ventures Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09
ROCE %	Get a 7-Day Free Trial			-129.19	-115.20	-377.14	-	-

Promithian Global Ventures ROCE % Calculation

Promithian Global Ventures's annualized ROCE % for the fiscal year that ended in Mar. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2009 )		(A: . 20 )		(A: Mar. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2009 )		(A: . 20 )		(A: Mar. 2009 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Promithian Global Ventures's ROCE % of for the quarter that ended in Dec. 2009 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2009 )		(Q: Sep. 2009 )		(Q: Dec. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2009 )		(Q: Sep. 2009 )		(Q: Dec. 2009 )
	=	-0.04	/	( ( (0 - 0.023)	+	(0 - 0.039) )	/ 2 )
	=	-0.04	/	( ( -0.023	+	-0.039 )	/ 2 )
	=	-0.04	/	-0.031
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2009) EBIT data.

Promithian Global Ventures (OTCPK:PGVI) 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.

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Promithian Global Ventures (Promithian Global Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Promithian Global Ventures Inc (OTCPK:PGVI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

406 E. 300 S., Suite 149, Salt Lake City, UT, USA, 84111

Website

https://www.promithianglobalventures.com

Promithian Global Ventures Inc is a precious metals exploration, development, mining, and refining company. The company focuses on gold and silver assets in Nevada, USA, and Yukon, Canada. the company is currently having its aboso project going on where the focus is on gold mining and refining in different areas.

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