Gladstone Pacific Nickel (LSE:GPN) ROCE %: -8.20% (As of Dec. 2012)


What is Gladstone Pacific Nickel ROCE %?

Gladstone Pacific Nickel LSE:GPN ROCE % is -8.20% as of Dec. 2012.

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. Gladstone Pacific Nickel's annualized ROCE % for the quarter that ended in Dec. 2012 was -8.20%.

Gladstone Pacific Nickel  (LSE:GPN) 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.

Gladstone Pacific Nickel ROCE % Related Terms

Gladstone Pacific Nickel ROCE % Historical Data

* Premium members only.

The historical data trend for Gladstone Pacific Nickel'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.

Gladstone Pacific Nickel ROCE % Chart

Gladstone Pacific Nickel Annual Data
Trend Jun09 Jun10 Jun11 Jun12
ROCE %
-289.88 -7.90 -8.47 2.11

Gladstone Pacific Nickel Quarterly Data
Dec10 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
ROCE % Get a 7-Day Free Trial -18.58 7.35 31.25 -10.66 -8.20

Gladstone Pacific Nickel ROCE % Calculation

Gladstone Pacific Nickel's annualized ROCE % for the fiscal year that ended in Jun. 2012 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2012 )  (A: Jun. 2011 )(A: Jun. 2012 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2012 )  (A: Jun. 2011 )(A: Jun. 2012 )
=0.407/( ( (19.554 - 0.272) + (19.71 - 0.437) )/ 2 )
=0.407/( (19.282+19.273)/ 2 )
=0.407/19.2775
=2.11 %

Gladstone Pacific Nickel'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 )
=-1.532/( ( (19.076 - 0.227) + (18.74 - 0.21) )/ 2 )
=-1.532/( ( 18.849 + 18.53 )/ 2 )
=-1.532/18.6895
=-8.20 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -8.20% mean?
Gladstone Pacific Nickel (LSE:GPN) has a ROCE % of -8.20% as of Dec. 2012.
Is Gladstone Pacific Nickel's ROCE % too high?
Gladstone Pacific Nickel's current ROCE % is -8.20%.
How does Gladstone Pacific Nickel's ROCE % compare to competitors?
Gladstone Pacific Nickel's ROCE % of -8.20% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Gladstone Pacific Nickel's current ROCE % is -8.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Pacific Nickel stock overvalued right now?
Gladstone Pacific Nickel (LSE:GPN) has a current ROCE % of -8.20%. The current ROCE % is -8.20%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Gladstone Pacific Nickel (LSE:GPN), the current ROCE % is -8.20% as of Dec. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gladstone Pacific Nickel Business Description

Gladstone Pacific Nickel Ltd. is incorporated in Australia. The company, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia and the south-west Pacific region. It owns the Marlborough nickel/cobalt lateritic deposits located near Rockhampton in Central Queensland, Australia. Gladstone Pacific Nickel Ltd. was formerly known as Pearson Matheson Group Pty Ltd.