IPRC (Imperial Resources) ROCE % : -42.61% (As of Dec. 2012)

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What is Imperial 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. Imperial Resources's annualized ROCE % for the quarter that ended in Dec. 2012 was -42.61%.

Imperial Resources ROCE % Historical Data

The historical data trend for Imperial 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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Imperial Resources ROCE % Chart

Imperial Resources Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

ROCE %

-3.43

-28.63

-33.77

Imperial Resources Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
ROCE %	Get a 7-Day Free Trial														-28.25	-21.85	-28.93	-30.72	-42.61

Imperial Resources ROCE % Calculation

Imperial Resources's annualized ROCE % for the fiscal year that ended in Mar. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2012 )		(A: Mar. 2011 )		(A: Mar. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2012 )		(A: Mar. 2011 )		(A: Mar. 2012 )
	=	-0.417	/	( ( (0.716 - 0.083)	+	(2.235 - 0.398) )	/ 2 )
	=	-0.417	/	( (0.633	+	1.837)	/ 2 )
	=	-0.417	/	1.235
	=	-33.77 %

Imperial Resources's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	-0.728	/	( ( (2.214 - 0.536)	+	(2.307 - 0.568) )	/ 2 )
	=	-0.728	/	( ( 1.678	+	1.739 )	/ 2 )
	=	-0.728	/	1.7085
	=	-42.61 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

Imperial Resources (OTCPK:IPRC) 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.

Imperial Resources ROCE % Related Terms

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Imperial Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Resources Inc (OTCPK:IPRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 East 6th Street, Suite 900, Austin, TX, USA, 78701

Website

http://www.imperialresourcesinc.com

Imperial Resources Inc has decided to focus its core activities on development and exploration of oil and gas assets in the United States through its wholly-owned subsidiary. It is an exploration stage company. It explores for asphalt, gold, and other precious metals.

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