Oakbay Resources and Energy (JSE:46926) ROCE % : -23.49% (As of Feb. 2017)

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What is Oakbay Resources and Energy 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. Oakbay Resources and Energy's annualized ROCE % for the quarter that ended in Feb. 2017 was -23.49%.

Oakbay Resources and Energy ROCE % Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy ROCE % Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

ROCE %

-2.61

0.20

0.52

-12.16

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
ROCE %	Get a 7-Day Free Trial			0.94	-0.34	1.36	-0.88	-23.49

Oakbay Resources and Energy ROCE % Calculation

Oakbay Resources and Energy's annualized ROCE % for the fiscal year that ended in Feb. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2017 )		(A: Feb. 2016 )		(A: Feb. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2017 )		(A: Feb. 2016 )		(A: Feb. 2017 )
	=	-1222.446	/	( ( (11229.881 - 487.415)	+	(9650.082 - 280.46) )	/ 2 )
	=	-1222.446	/	( (10742.466	+	9369.622)	/ 2 )
	=	-1222.446	/	10056.044
	=	-12.16 %

Oakbay Resources and Energy's ROCE % of for the quarter that ended in Feb. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2017 )		(Q: Aug. 2016 )		(Q: Feb. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2017 )		(Q: Aug. 2016 )		(Q: Feb. 2017 )
	=	-2350.318	/	( ( (11012.23 - 367.689)	+	(9650.082 - 280.46) )	/ 2 )
	=	-2350.318	/	( ( 10644.541	+	9369.622 )	/ 2 )
	=	-2350.318	/	10007.0815
	=	-23.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2017) EBIT data.

Oakbay Resources and Energy (JSE:46926) 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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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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