Salmon River Resources (Salmon River Resources) ROCE % : -38.23% (As of Mar. 2013)

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What is Salmon River 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. Salmon River Resources's annualized ROCE % for the quarter that ended in Mar. 2013 was -38.23%.

Salmon River Resources ROCE % Historical Data

The historical data trend for Salmon River 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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Salmon River Resources ROCE % Chart

Salmon River Resources Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

ROCE %

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-19.23

-45.99

-113.90

-108.36

-19.55

Salmon River Resources Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
ROCE %	Get a 7-Day Free Trial															-18.75	4.03	-9.13	-21.92	-38.23

Salmon River Resources ROCE % Calculation

Salmon River 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 )
	=	-0.556	/	( ( (3.14 - 0.809)	+	(12.811 - 9.454) )	/ 2 )
	=	-0.556	/	( (2.331	+	3.357)	/ 2 )
	=	-0.556	/	2.844
	=	-19.55 %

Salmon River Resources's ROCE % of for the quarter that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	-1.088	/	( ( (13.706 - 10.634)	+	(13.481 - 10.861) )	/ 2 )
	=	-1.088	/	( ( 3.072	+	2.62 )	/ 2 )
	=	-1.088	/	2.846
	=	-38.23 %

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

Salmon River Resources (OTCPK:SALOF) 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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Salmon River Resources (Salmon River Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Salmon River Resources Ltd (OTCPK:SALOF) » Definitions » ROCE %

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Website

http://www.salmonriverresources.com

An exploration stage Company engaged in the evaluation, acquisition, exploration and development of gold and base metals in British Columbia, Canada, and Idaho, USA.

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