Touchstone Gold (FRA:T03) ROCE % : 2,193.33% (As of Jun. 2014)

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What is Touchstone Gold 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. Touchstone Gold's annualized ROCE % for the quarter that ended in Jun. 2014 was 2,193.33%.

Touchstone Gold ROCE % Historical Data

The historical data trend for Touchstone Gold'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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Touchstone Gold ROCE % Chart

Touchstone Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

-1,418.92

-15.36

-166.96

-74.50

-202.21

Touchstone Gold Quarterly Data
	Dec09	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Jun14
ROCE %	Get a 7-Day Free Trial							-33.61	-640.09	-125.22	-1,736.72	2,193.33

Touchstone Gold ROCE % Calculation

Touchstone Gold'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 )
	=	-13.878	/	( ( (14.832 - 0.796)	+	(0.151 - 0.461) )	/ 2 )
	=	-13.878	/	( (14.036	+	-0.31)	/ 2 )
	=	-13.878	/	6.863
	=	-202.21 %

Touchstone Gold's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Dec. 2013 )		(Q: Jun. 2014 )
	=	5.264	/	( ( (0.151 - 0.461)	+	(1.218 - 0.428) )	/ 2 )
	=	5.264	/	( ( -0.31	+	0.79 )	/ 2 )
	=	5.264	/	0.24
	=	2,193.33 %

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

Touchstone Gold (FRA:T03) 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.

Touchstone Gold ROCE % Related Terms

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Touchstone Gold (FRA:T03) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.touchstonegold.com

Touchstone Gold Ltd was incorporated under the Laws of the British Virgin Islands on June 29, 2009. The Company, along with its wholly-owned subsidiaries, is an exploration stage company engaged in the exploration and development of gold properties in Colombia. The Company's project portfolio comprises of Segovia Gold Project and Santa Rosa Project.

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