Aditya Birla Minerals (ASX:ABY) ROCE % : -99.35% (As of Mar. 2016)

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What is Aditya Birla Minerals 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. Aditya Birla Minerals's annualized ROCE % for the quarter that ended in Mar. 2016 was -99.35%.

Aditya Birla Minerals ROCE % Historical Data

The historical data trend for Aditya Birla Minerals'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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Aditya Birla Minerals ROCE % Chart

Aditya Birla Minerals Annual Data

Trend

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

ROCE %

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4.93

-1.77

-0.15

-54.60

-57.28

Aditya Birla Minerals Semi-Annual Data
	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16
ROCE %	Get a 7-Day Free Trial															-0.16	-92.70	-15.90	-36.28	-99.35

Aditya Birla Minerals ROCE % Calculation

Aditya Birla Minerals's annualized ROCE % for the fiscal year that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2016 )		(A: Mar. 2015 )		(A: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2016 )		(A: Mar. 2015 )		(A: Mar. 2016 )
	=	-141.59	/	( ( (392.312 - 31.359)	+	(161.898 - 28.502) )	/ 2 )
	=	-141.59	/	( (360.953	+	133.396)	/ 2 )
	=	-141.59	/	247.1745
	=	-57.28 %

Aditya Birla Minerals's ROCE % of for the quarter that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2016 )		(Q: Sep. 2015 )		(Q: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2016 )		(Q: Sep. 2015 )		(Q: Mar. 2016 )
	=	-177.19	/	( ( (311.326 - 88.022)	+	(161.898 - 28.502) )	/ 2 )
	=	-177.19	/	( ( 223.304	+	133.396 )	/ 2 )
	=	-177.19	/	178.35
	=	-99.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2016) EBIT data.

Aditya Birla Minerals (ASX:ABY) 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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Aditya Birla Minerals (ASX:ABY) Business Description

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Website

http://www.adityabirlaminerals.com.au

Aditya Birla Minerals Ltd is a copper mining, development and exploration company with operations in Western Australia and Queensland. Its projects include the Nifty Copper Operation and Mt Gordon Copper Operation. Concentrates produced are shipped to the Hindalco-owned 500,000 tpa rated Dahej copper smelter in India.

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