Fox Resources (ASX:FXR) ROCE % : -26.74% (As of Jun. 2014)

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What is Fox 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. Fox Resources's annualized ROCE % for the quarter that ended in Jun. 2014 was -26.74%.

Fox Resources ROCE % Historical Data

The historical data trend for Fox 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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Fox Resources ROCE % Chart

Fox Resources Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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-33.94

-25.59

-20.79

-88.83

-27.32

Fox Resources Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
ROCE %	Get a 7-Day Free Trial															-23.92	-7.23	-173.15	-29.59	-26.74

Fox Resources ROCE % Calculation

Fox Resources's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	-3.842	/	( ( (23.528 - 10.338)	+	(22.859 - 7.927) )	/ 2 )
	=	-3.842	/	( (13.19	+	14.932)	/ 2 )
	=	-3.842	/	14.061
	=	-27.32 %

Fox Resources's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	-3.77	/	( ( (23.734 - 10.471)	+	(22.859 - 7.927) )	/ 2 )
	=	-3.77	/	( ( 13.263	+	14.932 )	/ 2 )
	=	-3.77	/	14.0975
	=	-26.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

Fox Resources (ASX:FXR) 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.

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Fox Resources (ASX:FXR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.foxresources.com.au

Fox Resources Ltd is incorporated in Australia. The Company explores base metals, gold, iron ore and coal and the evaluation of a heap leaching operation. The Company's project include the Radio Hill and Sholl Heap Leaching Project. The Radio Hill mine, located 35km south of Karratha, produced nickel and copper concentrate for four year. The Company's operations are subject to various environmental regulations under both Commonwealth and State Government legislation.