1st NRG (1st NRG) ROCE % : 0.00% (As of Sep. 2009)

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What is 1st NRG 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. 1st NRG's annualized ROCE % for the quarter that ended in Sep. 2009 was 0.00%.

1st NRG ROCE % Historical Data

The historical data trend for 1st NRG'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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1st NRG ROCE % Chart

1st NRG Annual Data

Trend

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ROCE %

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1st NRG Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

1st NRG ROCE % Calculation

1st NRG's annualized ROCE % for the fiscal year that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	-1.123	/	( ( (0 - 0.628)	+	(0.017 - 1.182) )	/ 2 )
	=	-1.123	/	( (-0.628	+	-1.165)	/ 2 )
	=	-1.123	/	-0.8965
	=	125.26 %

1st NRG's ROCE % of for the quarter that ended in Sep. 2009 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2009 )		(Q: Jun. 2009 )		(Q: Sep. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2009 )		(Q: Jun. 2009 )		(Q: Sep. 2009 )
	=	-0.52	/	( ( (0.003 - 1.37)	+	(0.003 - 1.505) )	/ 2 )
	=	-0.52	/	( ( -1.367	+	-1.502 )	/ 2 )
	=	-0.52	/	-1.4345
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2009) EBIT data.

1st NRG (OTCPK:FNRC) 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.

1st NRG ROCE % Related Terms

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1st NRG (1st NRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 1st NRG Corp (OTCPK:FNRC) » Definitions » ROCE %

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Address

1531 Stout Street, Suite 607, Denver, CO, USA, 80202

Website

http://1stnrg-corp.com

1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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