Summit Resources (Summit Resources) ROCE % : -0.22% (As of Dec. 2017)

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What is Summit 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. Summit Resources's annualized ROCE % for the quarter that ended in Dec. 2017 was -0.22%.

Summit Resources ROCE % Historical Data

The historical data trend for Summit 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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Summit Resources ROCE % Chart

Summit Resources Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

ROCE %

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-1.06

-0.60

-0.53

-0.66

-0.79

Summit Resources Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
ROCE %	Get a 7-Day Free Trial															-0.97	-0.18	-1.13	-0.22	-1.35

Summit Resources ROCE % Calculation

Summit Resources's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	-0.283	/	( ( (36.354 - 0.044)	+	(35.966 - 0.241) )	/ 2 )
	=	-0.283	/	( (36.31	+	35.725)	/ 2 )
	=	-0.283	/	36.0175
	=	-0.79 %

Summit Resources's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	-0.08	/	( ( (36.354 - 0.044)	+	(36.731 - 0.129) )	/ 2 )
	=	-0.08	/	( ( 36.31	+	36.602 )	/ 2 )
	=	-0.08	/	36.456
	=	-0.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2017) EBIT data.

Summit Resources (OTCPK:SRCSF) 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.

Summit Resources ROCE % Related Terms

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Summit Resources (Summit Resources) Business Description

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

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Website

http://www.summitresources.com.au

Summit Resources Ltd is an Australian based uranium exploration company. It is engaged in the exploration and evaluation of uranium projects in Queensland, Australia.

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