Providence Resources (Providence Resources) ROCE % : -16.26% (As of Dec. 2012)

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What is Providence 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. Providence Resources's annualized ROCE % for the quarter that ended in Dec. 2012 was -16.26%.

Providence Resources ROCE % Historical Data

The historical data trend for Providence 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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Providence Resources ROCE % Chart

Providence Resources Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-29.46

-91.72

-2.71

-188.63

-16.26

Providence Resources Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
ROCE %	Get a 7-Day Free Trial								-29.46	-91.72	-2.71	-188.63	-16.26

Providence Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-0.16	/	( ( (1.036 - 0.067)	+	(1.054 - 0.055) )	/ 2 )
	=	-0.16	/	( (0.969	+	0.999)	/ 2 )
	=	-0.16	/	0.984
	=	-16.26 %

Providence Resources's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	-0.16	/	( ( (1.036 - 0.067)	+	(1.054 - 0.055) )	/ 2 )
	=	-0.16	/	( ( 0.969	+	0.999 )	/ 2 )
	=	-0.16	/	0.984
	=	-16.26 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

Providence Resources (OTCPK:PVRS) 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.

Providence Resources ROCE % Related Terms

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Providence Resources (Providence Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Providence Resources Inc (OTCPK:PVRS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Yongfeng Street, Liangzhou District, Gansu Province, Wuwei, CHN, 621101

Website

https://www.providenceresources.com

Providence Resources Inc is a shell company.

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