Mindoro Resources (ASX:MDO) ROCE % : 38.33% (As of Sep. 2017)

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What is Mindoro 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. Mindoro Resources's annualized ROCE % for the quarter that ended in Sep. 2017 was 38.33%.

Mindoro Resources ROCE % Historical Data

The historical data trend for Mindoro 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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Mindoro Resources ROCE % Chart

Mindoro Resources Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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-6.66

-93.58

-50.61

-16.82

-112.46

Mindoro Resources Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
ROCE %	Get a 7-Day Free Trial															-8.83	-438.28	-145.63	255.14	38.33

Mindoro Resources ROCE % Calculation

Mindoro Resources's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	-4.758	/	( ( (13.796 - 6.427)	+	(9.179 - 8.086) )	/ 2 )
	=	-4.758	/	( (7.369	+	1.093)	/ 2 )
	=	-4.758	/	4.231
	=	-112.46 %

Mindoro Resources's ROCE % of for the quarter that ended in Sep. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2017 )		(Q: Jun. 2017 )		(Q: Sep. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2017 )		(Q: Jun. 2017 )		(Q: Sep. 2017 )
	=	0.348	/	( ( (8.887 - 7.937)	+	(8.911 - 8.045) )	/ 2 )
	=	0.348	/	( ( 0.95	+	0.866 )	/ 2 )
	=	0.348	/	0.908
	=	38.33 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2017) EBIT data.

Mindoro Resources (ASX:MDO) 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.

Mindoro Resources ROCE % Related Terms

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Mindoro Resources (ASX:MDO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8751 Paseo de Roxas Street, 22nd Floor BDO Equitable Tower, Makati City, PHL, 1226

Website

http://www.mindoro.com

Mindoro Resources Ltd engages in the acquisition, exploration, and development of mineral properties in the Philippines. The company explores for nickel, copper, and gold deposits. It holds a 75% interest in the Agata nickel project located in the Surigao mining region on the island of Mindanao. The firm also holds a 75% interest and an option to acquire additional 25% interest in the Tapian San Francisco Copper-Gold Project, Mindanao; and a 75% interest in the Pan de Azucar Sulphur-Copper-Gold Project, Iloilo City.

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