Electra Stone (Electra Stone) ROCE % : 0.00% (As of Sep. 2017)

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What is Electra Stone 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. Electra Stone's annualized ROCE % for the quarter that ended in Sep. 2017 was 0.00%.

Electra Stone ROCE % Historical Data

The historical data trend for Electra Stone'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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Electra Stone ROCE % Chart

Electra Stone Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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-56.43

-97.06

-318.30

-229.87

-521.74

Electra Stone 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															-173.66	-1,029.15	-290.91	-	-

Electra Stone ROCE % Calculation

Electra Stone'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 )
	=	-1.56	/	( ( (1.07 - 0.518)	+	(0.349 - 0.303) )	/ 2 )
	=	-1.56	/	( (0.552	+	0.046)	/ 2 )
	=	-1.56	/	0.299
	=	-521.74 %

Electra Stone'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 )
	=	0.504	/	( ( (0.329 - 0.841)	+	(0.331 - 0.78) )	/ 2 )
	=	0.504	/	( ( -0.512	+	-0.449 )	/ 2 )
	=	0.504	/	-0.4805
	=	0 %

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

Electra Stone (OTCPK:ELCGF) 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.

Electra Stone ROCE % Related Terms

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Electra Stone (Electra Stone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electra Stone Ltd (OTCPK:ELCGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

http://www.electrastone.com

Electra Stone Ltd is junior mining company based in Canada. It specializes in the development and exploration of industrial minerals and dimensional stone. The company is in the process of mining the Apple Bay aluminum silicate quarry located on Vancouver Island near Port Hardy, British Columbia. Electra operates through two segments being the Mining and Exploration of industrial mineral properties.

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