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. Alpha Natural Resources's annualized ROCE % for the quarter that ended in Jun. 2016 was 11.31%.
* 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.
(1) Note:
The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.
* 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.
Alpha Natural Resources (OTCPK:ANRZQ) 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.
Alpha Natural Resources ROCE % Related Terms
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Alpha Natural Resources (Alpha Natural Resources) Business Description
Alpha Natural Resources Inc was formed under the laws of the State of Delaware on November 29, 2004. The Company is a supplier and exporter of metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries throughout the country. As of December 31, 2013, it operated 81 mines and 25 coal preparation plants in Northern and Central Appalachia and the Powder River Basin. The Company has two reportable segments: Eastern Coal Operations and Western Coal Operations. Eastern Coal Operations consists of the mines in Northern and Central Appalachia and its coal brokerage activities. Western Coal Operations consists of two Powder River Basin mines in Wyoming. Its All Other segment includes an idled underground mine in Illinois; expenses associated with certain closed mines; Dry Systems Technologies; revenues and royalties from the sale of natural gas; equipment sales and repair operations; terminal services; the leasing of mineral rights; general corporate overhead and corporate assets and liabilities. The Company's active operations are located in Central and Northern Appalachia and the Powder River Basin, which include the states of Kentucky, Pennsylvania, Virginia, West Virginia and Wyoming. With respect to its U.S. customers, the Company competes with various coal producers in the Appalachian region and Illinois basin and with a large number of western coal producers. In the export metallurgical market the Company competes with producers from Australia, Canada, and other international producers of metallurgical coal on many of the same factors as in the U.S. market. The Company and its customers are subject to various federal, state and local laws relating to the extraction, processing and use of coal, oil and natural gas.
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