CDMC (Cindisue Mining) ROCE % : 0.00% (As of Apr. 2015)

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What is Cindisue Mining 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. Cindisue Mining's annualized ROCE % for the quarter that ended in Apr. 2015 was 0.00%.

Cindisue Mining ROCE % Historical Data

The historical data trend for Cindisue Mining'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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Cindisue Mining ROCE % Chart

Cindisue Mining Annual Data

Trend

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ROCE %

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Cindisue Mining Quarterly Data
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Cindisue Mining ROCE % Calculation

Cindisue Mining's annualized ROCE % for the fiscal year that ended in Jan. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2015 )		(A: Jan. 2014 )		(A: Jan. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2015 )		(A: Jan. 2014 )		(A: Jan. 2015 )
	=	-0.025	/	( ( (0 - 0.043)	+	(0 - 0.034) )	/ 2 )
	=	-0.025	/	( (-0.043	+	-0.034)	/ 2 )
	=	-0.025	/	-0.0385
	=	64.94 %

Cindisue Mining's ROCE % of for the quarter that ended in Apr. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2015 )		(Q: Jan. 2015 )		(Q: Apr. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2015 )		(Q: Jan. 2015 )		(Q: Apr. 2015 )
	=	-0.024	/	( ( (0 - 0.034)	+	(0 - 0.007) )	/ 2 )
	=	-0.024	/	( ( -0.034	+	-0.007 )	/ 2 )
	=	-0.024	/	-0.0205
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2015) EBIT data.

Cindisue Mining (OTCPK:CDMC) 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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Cindisue Mining Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cindisue Mining Corp (OTCPK:CDMC) » Definitions » ROCE %

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Cindisue Mining Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of natural resource properties.

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