Andes Gold (Andes Gold) ROCE % : 1,310.07% (As of Dec. 2003)

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What is Andes Gold 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. Andes Gold's annualized ROCE % for the quarter that ended in Dec. 2003 was 1,310.07%.

Andes Gold ROCE % Historical Data

The historical data trend for Andes Gold'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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Andes Gold ROCE % Chart

Andes Gold Annual Data

Trend

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

ROCE %

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-48.32

-45.90

-20.71

-15.24

-140.31

Andes Gold Quarterly Data
	Mar98	Jun98	Sep98	Dec98	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03
ROCE %	Get a 7-Day Free Trial															386.88	-180.48	-211.38	-349.00	1,310.07

Andes Gold ROCE % Calculation

Andes Gold's annualized ROCE % for the fiscal year that ended in Dec. 2003 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2003 )		(A: Dec. 2002 )		(A: Dec. 2003 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2003 )		(A: Dec. 2002 )		(A: Dec. 2003 )
	=	-0.912	/	( ( (4.145 - 2.707)	+	(4.04 - 4.178) )	/ 2 )
	=	-0.912	/	( (1.438	+	-0.138)	/ 2 )
	=	-0.912	/	0.65
	=	-140.31 %

Andes Gold's ROCE % of for the quarter that ended in Dec. 2003 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2003 )		(Q: Sep. 2003 )		(Q: Dec. 2003 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2003 )		(Q: Sep. 2003 )		(Q: Dec. 2003 )
	=	7.284	/	( ( (5.926 - 4.676)	+	(4.04 - 4.178) )	/ 2 )
	=	7.284	/	( ( 1.25	+	-0.138 )	/ 2 )
	=	7.284	/	0.556
	=	1,310.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2003) EBIT data.

Andes Gold (OTCPK:AGCZ) 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.

Andes Gold ROCE % Related Terms

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Andes Gold (Andes Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andes Gold Corp (OTCPK:AGCZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432

Website

http://www.andesgoldmine.com

Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

Andes Gold (Andes Gold) Headlines

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