CBLRF (Campbell Resources) ROCE % : -359.45% (As of Sep. 2008)

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What is Campbell 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. Campbell Resources's annualized ROCE % for the quarter that ended in Sep. 2008 was -359.45%.

Campbell Resources ROCE % Historical Data

The historical data trend for Campbell 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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Campbell Resources ROCE % Chart

Campbell Resources Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

ROCE %

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-5.02

-5.21

-8.03

-28.13

-109.14

Campbell Resources Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
ROCE %	Get a 7-Day Free Trial															-60.19	-177.08	-52.21	-81.64	-359.45

Campbell Resources ROCE % Calculation

Campbell Resources's annualized ROCE % for the fiscal year that ended in Dec. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	-24.901	/	( ( (99.846 - 76.852)	+	(65.213 - 42.574) )	/ 2 )
	=	-24.901	/	( (22.994	+	22.639)	/ 2 )
	=	-24.901	/	22.8165
	=	-109.14 %

Campbell Resources's ROCE % of for the quarter that ended in Sep. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	-14.82	/	( ( (76.717 - 57.031)	+	(52.699 - 64.139) )	/ 2 )
	=	-14.82	/	( ( 19.686	+	-11.44 )	/ 2 )
	=	-14.82	/	4.123
	=	-359.45 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2008) EBIT data.

Campbell Resources (OTCPK:CBLRF) 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.

Campbell Resources ROCE % Related Terms

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Campbell Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Campbell Resources Inc (OTCPK:CBLRF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1155 Rue University, Suite 1405, Montreal, QC, CAN, H3B 3A7

Website

http://www.campbellresources.com

Campbell Resources Inc is a junior mining company that operates gold and copper mines and owns a number of additional exploration properties.

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