Geovic Mining (FRA:L9E) ROCE % : 0.00% (As of Sep. 2014)

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What is Geovic 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. Geovic Mining's annualized ROCE % for the quarter that ended in Sep. 2014 was 0.00%.

Geovic Mining ROCE % Historical Data

The historical data trend for Geovic 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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Geovic Mining ROCE % Chart

Geovic Mining Annual Data

Trend

Apr04

Apr05

Apr06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-34.51

-63.32

-73.12

-97.04

-280.92

Geovic Mining Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial															-546.84	-	-	-	-

Geovic Mining ROCE % Calculation

Geovic Mining's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-5.898	/	( ( (5.975 - 0.856)	+	(1.309 - 2.229) )	/ 2 )
	=	-5.898	/	( (5.119	+	-0.92)	/ 2 )
	=	-5.898	/	2.0995
	=	-280.92 %

Geovic Mining's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	-4.1	/	( ( (0.996 - 4.889)	+	(0.83 - 6.631) )	/ 2 )
	=	-4.1	/	( ( -3.893	+	-5.801 )	/ 2 )
	=	-4.1	/	-4.847
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

Geovic Mining (FRA:L9E) 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.

Geovic Mining ROCE % Related Terms

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Geovic Mining (FRA:L9E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geovic Mining Corp (FRA:L9E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5500 East Yale Avenue, Suite 302, Denver, CO, USA, 80222

Website

http://www.geovic.net

Geovic Mining Corp is in the business of identifying, exploring and initially developing mineral exploration prospects. It has mining permit covering entire nickel -manganese district in Cameroon's east province. The company also through its subsidiary is engaged in strategic acquisition, exploration and development of other mineral properties.

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