High North Resources (High North Resources) ROCE % : -92.09% (As of Jun. 2015)

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What is High North Resources 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. High North Resources's annualized ROCE % for the quarter that ended in Jun. 2015 was -92.09%.

High North Resources ROCE % Historical Data

The historical data trend for High North Resources'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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High North Resources ROCE % Chart

High North Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

ROCE %

-38.27

-377.06

-32.40

-77.32

High North Resources Quarterly Data
	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													-37.71	-176.36	-361.57	-282.13	-92.09

High North Resources ROCE % Calculation

High North Resources's annualized ROCE % for the fiscal year that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	-5.87	/	( ( (8.53 - 2.197)	+	(23.03 - 14.179) )	/ 2 )
	=	-5.87	/	( (6.333	+	8.851)	/ 2 )
	=	-5.87	/	7.592
	=	-77.32 %

High North Resources'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 )
	=	-1.392	/	( ( (13.26 - 11.676)	+	(13.439 - 12) )	/ 2 )
	=	-1.392	/	( ( 1.584	+	1.439 )	/ 2 )
	=	-1.392	/	1.5115
	=	-92.09 %

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

High North Resources (OTCPK:HNTHF) 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.

High North Resources ROCE % Related Terms

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High North Resources (High North Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High North Resources Ltd (OTCPK:HNTHF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 – 7th Avenue South West, Suite 2800, First Canadian Centre, Calgary, AB, CAN, T2P 3N9

Website

http://www.highnorthresources.com

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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