Paragon Shipping (Paragon Shipping) ROCE % : 0.00% (As of Dec. 2016)

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What is Paragon Shipping 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. Paragon Shipping's annualized ROCE % for the quarter that ended in Dec. 2016 was 0.00%.

Paragon Shipping ROCE % Historical Data

The historical data trend for Paragon Shipping'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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Paragon Shipping ROCE % Chart

Paragon Shipping Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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-2.74

-2.40

-10.30

-134.96

Paragon Shipping Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Dec16
ROCE %	Get a 7-Day Free Trial															-6.20	-96.82	-28.94	-1,657.30	-

Paragon Shipping ROCE % Calculation

Paragon Shipping's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	27.594	/	( ( (107.241 - 152.429)	+	(0.716 - 19.3) )	/ 2 )
	=	27.594	/	( (-45.188	+	-18.584)	/ 2 )
	=	27.594	/	-31.886
	=	-86.54 %

Paragon Shipping's ROCE % of for the quarter that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2016 )		(Q: Dec. 2015 )		(Q: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2016 )		(Q: Dec. 2015 )		(Q: Dec. 2016 )
	=	0	/	( ( (107.241 - 152.429)	+	(0.716 - 19.3) )	/ 2 )
	=	0	/	( ( -45.188	+	-18.584 )	/ 2 )
	=	0	/	-31.886
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2016) EBIT data.

Paragon Shipping (OTCPK:PRGNF) 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.

Paragon Shipping ROCE % Related Terms

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Paragon Shipping (Paragon Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Paragon Shipping Inc (OTCPK:PRGNF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

15 Karamanli Avenue, Voula, GRC, 166 73

Website

http://www.paragonship.com

Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.

Paragon Shipping (Paragon Shipping) Headlines

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