Romarco Minerals (FRA:M1R) ROCE % : -2.88% (As of Jun. 2015)

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What is Romarco Minerals 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. Romarco Minerals's annualized ROCE % for the quarter that ended in Jun. 2015 was -2.88%.

Romarco Minerals ROCE % Historical Data

The historical data trend for Romarco Minerals'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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Romarco Minerals ROCE % Chart

Romarco Minerals Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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-12.11

-8.00

-4.69

-5.39

-5.19

Romarco Minerals Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial															-5.49	-5.83	-5.12	-3.71	-2.88

Romarco Minerals ROCE % Calculation

Romarco Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-10.807	/	( ( (194.77 - 5.07)	+	(233.51 - 6.942) )	/ 2 )
	=	-10.807	/	( (189.7	+	226.568)	/ 2 )
	=	-10.807	/	208.134
	=	-5.19 %

Romarco Minerals's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	-13.412	/	( ( (479.728 - 8.615)	+	(473.66 - 13.666) )	/ 2 )
	=	-13.412	/	( ( 471.113	+	459.994 )	/ 2 )
	=	-13.412	/	465.5535
	=	-2.88 %

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

Romarco Minerals (FRA:M1R) 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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Romarco Minerals (FRA:M1R) Business Description

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Website

http://www.romarco.com

Romarco Minerals Inc., was amalgamated under the laws of Ontario pursuant to the Business Corporations Act (Ontario) by Articles of Amalgamation dated July 11, 1995 pursuant to the terms of an amalgamation agreement dated May 12, 1995 between Romarco Holdings Inc. and Winstaff Ventures Ltd. It is an exploration and development stage mining company engaged in the acquisition, exploration and development of precious metals mineral properties. The Company's principal property is the Haile project in South Carolina.

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