Pan Asia (ASX:PZC) ROCE % : 0.00% (As of Dec. 2017)

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What is Pan Asia 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. Pan Asia's annualized ROCE % for the quarter that ended in Dec. 2017 was 0.00%.

Pan Asia ROCE % Historical Data

The historical data trend for Pan Asia'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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Pan Asia ROCE % Chart

Pan Asia Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

ROCE %

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-10.52

-7.75

-4.53

-2.72

Pan Asia Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
ROCE %	Get a 7-Day Free Trial															-3.11	-0.38	-4.29	-	-

Pan Asia ROCE % Calculation

Pan Asia's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	-0.073	/	( ( (0.071 - 5.091)	+	(0.128 - 5.444) )	/ 2 )
	=	-0.073	/	( (-5.02	+	-5.316)	/ 2 )
	=	-0.073	/	-5.168
	=	1.41 %

Pan Asia's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	-0.08	/	( ( (0.071 - 5.091)	+	(0.117 - 5.141) )	/ 2 )
	=	-0.08	/	( ( -5.02	+	-5.024 )	/ 2 )
	=	-0.08	/	-5.022
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2017) EBIT data.

Pan Asia (ASX:PZC) 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.

Pan Asia ROCE % Related Terms

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Pan Asia (ASX:PZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pan Asia Corp Ltd (ASX:PZC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

311-313 Hay Street, Subiaco, WA, AUS, 6008

Website

http://www.panasiacorp.com.au

Pan Asia Corp Ltd explores diversified energy resources mainly coal. The principal activities of the company are coal exploration and development in Indonesia. Its project includes PT Transcoal Minergy Project in South Kalimantan, Indonesia. Geographically the company operates in Australia and Indonesia.