Alcyone Resources (ASX:AYN) ROCE % : -54.82% (As of Jun. 2013)

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What is Alcyone 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. Alcyone Resources's annualized ROCE % for the quarter that ended in Jun. 2013 was -54.82%.

Alcyone Resources ROCE % Historical Data

The historical data trend for Alcyone 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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Alcyone Resources ROCE % Chart

Alcyone Resources Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

ROCE %

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-200.62

246.93

-13.92

-12.52

-32.79

Alcyone Resources Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
ROCE %	Get a 7-Day Free Trial															-19.83	-21.83	-4.48	-9.85	-54.82

Alcyone Resources ROCE % Calculation

Alcyone Resources's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2013 )		(A: Jun. 2012 )		(A: Jun. 2013 )
	=	-7.427	/	( ( (31.766 - 6.562)	+	(32.585 - 12.494) )	/ 2 )
	=	-7.427	/	( (25.204	+	20.091)	/ 2 )
	=	-7.427	/	22.6475
	=	-32.79 %

Alcyone Resources's ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	-12.378	/	( ( (33.653 - 8.586)	+	(32.585 - 12.494) )	/ 2 )
	=	-12.378	/	( ( 25.067	+	20.091 )	/ 2 )
	=	-12.378	/	22.579
	=	-54.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2013) EBIT data.

Alcyone Resources (ASX:AYN) 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.

Alcyone Resources ROCE % Related Terms

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Alcyone Resources (ASX:AYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcyone Resources Ltd (ASX:AYN) » Definitions » ROCE %

Comparable Companies

ASX:BMZ

Traded in Other Exchanges

N/A

Address

Website

http://www.alcyone.com.au

Macmin Silver Ltd (MMN) is a minerals exploration and mining company focused on silver and gold in Australia. The company's main project is the Twin Hills Silver Projects, located in southern Queensland. The company also has a substantial investment in a New Guinea based gold exploration and mining company.

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