Mining Investments Resources (LSE:MIR) ROC %: -324.48% (As of Dec. 2013)


What is Mining Investments Resources ROC %?

Mining Investments Resources LSE:MIR ROC % is -324.48% as of Dec. 2013. The stock has 2 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Mining Investments Resources's annualized return on capital (ROC %) for the quarter that ended in Dec. 2013 was -324.48%.

As of today (2026-06-25), Mining Investments Resources's WACC % is 0.00%. Mining Investments Resources's ROC % is 0.00% (calculated using TTM income statement data). Mining Investments Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Mining Investments Resources  (LSE:MIR) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Mining Investments Resources's WACC % is 0.00%. Mining Investments Resources's ROC % is 0.00% (calculated using TTM income statement data). Mining Investments Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Mining Investments Resources ROC % Related Terms

Mining Investments Resources ROC % Historical Data

* Premium members only.

The historical data trend for Mining Investments Resources's ROC % 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.

Mining Investments Resources ROC % Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.90 -14.35 -72.69 -107.82 -129.12

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -83.49 -230.93 0.00 -211.23 -324.48

Mining Investments Resources ROC % Calculation

Mining Investments Resources's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2013 is calculated as:

ROC % (A: Jun. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2012 ) + Invested Capital (A: Jun. 2013 ))/ count )
=-0.368 * ( 1 - 0% )/( (0 + 0.285)/ 1 )
=-0.368/0.285
=-129.12 %

where

Invested Capital(A: Jun. 2012 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.02 - 0.183 - ( 0.02 - max(0, 0.183 - 0.02+0.02))
=0

Invested Capital(A: Jun. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.701 - 0.215 - ( 0.403 - max(0, 0.215 - 0.416+0.403))
=0.285

Mining Investments Resources's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2013 is calculated as:

ROC % (Q: Dec. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2013 ) + Invested Capital (Q: Dec. 2013 ))/ count )
=-0.464 * ( 1 - 0% )/( (0.285 + 0.001)/ 2 )
=-0.464/0.143
=-324.48 %

where

Invested Capital(Q: Jun. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.701 - 0.215 - ( 0.403 - max(0, 0.215 - 0.416+0.403))
=0.285

Invested Capital(Q: Dec. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.422 - 0.212 - ( 0.419 - max(0, 0.213 - 0.422+0.419))
=0.001

Note: The Operating Income data used here is two times the semi-annual (Dec. 2013) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -324.48% mean?
Mining Investments Resources (LSE:MIR) has a ROC % of -324.48% as of Dec. 2013. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Mining Investments Resources and its competitors.
Is Mining Investments Resources' ROC % too high?
Mining Investments Resources' current ROC % is -324.48%.
How does Mining Investments Resources' ROC % compare to competitors?
Mining Investments Resources' ROC % of -324.48% can be compared against companies in the Conglomerates industry. The industry median ROC % is 2.82. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Conglomerates company?
The median ROC % among Conglomerates companies is 2.82, based on 552 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Mining Investments Resources and its competitors. For the Conglomerates industry, the median ROC % is 2.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Investments Resources's current ROC % is -324.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current ROC % of -324.48%. The current ROC % is -324.48%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Mining Investments Resources (LSE:MIR), the current ROC % is -324.48% as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.