Royal Energy Resources (Royal Energy Resources) ROCE % : -18.03% (As of Sep. 2019)

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What is Royal Energy 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. Royal Energy Resources's annualized ROCE % for the quarter that ended in Sep. 2019 was -18.03%.

Royal Energy Resources ROCE % Historical Data

The historical data trend for Royal Energy 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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Royal Energy Resources ROCE % Chart

Royal Energy Resources Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Dec16

Dec17

Dec18

ROCE %

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-8.52

-16.25

61.89

-8.08

Royal Energy Resources Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															-1.66	-23.88	-15.39	0.04	-18.03

Royal Energy Resources ROCE % Calculation

Royal Energy Resources's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-19.806	/	( ( (300.938 - 34.504)	+	(255.959 - 32.124) )	/ 2 )
	=	-19.806	/	( (266.434	+	223.835)	/ 2 )
	=	-19.806	/	245.1345
	=	-8.08 %

Royal Energy Resources's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-36.26	/	( ( (268.252 - 50.051)	+	(236.19 - 52.079) )	/ 2 )
	=	-36.26	/	( ( 218.201	+	184.111 )	/ 2 )
	=	-36.26	/	201.156
	=	-18.03 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Royal Energy Resources (OTCPK:ROYE) 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.

Royal Energy Resources ROCE % Related Terms

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Royal Energy Resources (Royal Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Royal Energy Resources Inc (OTCPK:ROYE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Broad Street, Suite 2, Charleston, SC, USA, 29401

Website

https://www.royalenergy.us

Royal Energy Resources Inc is engaged in the acquisition of coal, gas and renewable energy assets.

Executives

William L Tuorto	director, officer: Executive Chairman	56 BROAD STREET SUITE 2 CHARLESTON SC 29412
Ronald Phillips	officer: President	DKR CAPITAL PARTNERS LP 1281 EAST MAIN STREET STAMFORD CT 06902
Brian Hughs	director, officer: Vice President	203 SOUTH 3RD ST. CANANDIAN TX 79014
Ian Ganzer	officer: Chief Operating Officer	304 WAITMAN ST MORGANTOWN WV 26501

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