Carabella Resources (ASX:CLR) ROCE % : -19.56% (As of Jun. 2013)

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What is Carabella 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. Carabella Resources's annualized ROCE % for the quarter that ended in Jun. 2013 was -19.56%.

Carabella Resources ROCE % Historical Data

The historical data trend for Carabella 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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Carabella Resources ROCE % Chart

Carabella Resources Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

ROCE %

-18.07

-16.67

-16.54

Carabella Resources Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
ROCE %	Get a 7-Day Free Trial			-29.05	-13.80	-15.81	-13.70	-19.56

Carabella Resources ROCE % Calculation

Carabella 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 )
	=	-8.983	/	( ( (62.157 - 5.562)	+	(53.242 - 1.216) )	/ 2 )
	=	-8.983	/	( (56.595	+	52.026)	/ 2 )
	=	-8.983	/	54.3105
	=	-16.54 %

Carabella 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 )
	=	-10.382	/	( ( (56.484 - 2.345)	+	(53.242 - 1.216) )	/ 2 )
	=	-10.382	/	( ( 54.139	+	52.026 )	/ 2 )
	=	-10.382	/	53.0825
	=	-19.56 %

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

Carabella Resources (ASX:CLR) 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.

Carabella Resources ROCE % Related Terms

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