Golden River Resources (Golden River Resources) ROCE % : 0.00% (As of Mar. 2015)

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What is Golden 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. Golden River Resources's annualized ROCE % for the quarter that ended in Mar. 2015 was 0.00%.

Golden River Resources ROCE % Historical Data

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

Golden River Resources Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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-26.51

-12.73

-1.31

-16.95

-39.97

Golden River Resources Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
ROCE %	Get a 7-Day Free Trial															-111.30	-183.83	-279.52	-	-

Golden River Resources ROCE % Calculation

Golden River Resources's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	-0.24	/	( ( (1.226 - 0.145)	+	(0.233 - 0.113) )	/ 2 )
	=	-0.24	/	( (1.081	+	0.12)	/ 2 )
	=	-0.24	/	0.6005
	=	-39.97 %

Golden River Resources's ROCE % of for the quarter that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2015 )		(Q: Dec. 2014 )		(Q: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2015 )		(Q: Dec. 2014 )		(Q: Mar. 2015 )
	=	-0.064	/	( ( (0.089 - 0.149)	+	(0.081 - 0.158) )	/ 2 )
	=	-0.064	/	( ( -0.06	+	-0.077 )	/ 2 )
	=	-0.064	/	-0.0685
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2015) EBIT data.

Golden River Resources (GREY:GORV) 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.

Golden River Resources ROCE % Related Terms

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Golden River Resources (Golden River Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden River Resources Corp (GREY:GORV) » Definitions » ROCE %

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Address

Website

http://www.goldenriverresources.com

Golden River Resources Corp is an Australia-based exploration stage mining company. It is primarily engaged in the identification, acquisition, exploration, and development of mining prospects. Its exploration work is subject to the Mining Land Use Regulations of the Indian and Northern Affairs Canada Mining Act. The company generally explores gold. It holds interests in the mineral claims in Nova Scotia and Nunavut, Canada which is in the Slave Craton and in the Committee Bay Greenstone Belt.