Mining Investments Resources (LSE:MIR) ROCE %: -133.53% (As of Dec. 2013)


What is Mining Investments Resources ROCE %?

Mining Investments Resources LSE:MIR ROCE % is -133.53% as of Dec. 2013. The stock has 2 warning signs investors should review.

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. Mining Investments Resources's annualized ROCE % for the quarter that ended in Dec. 2013 was -133.53%.

Mining Investments Resources  (LSE:MIR) 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.

Mining Investments Resources ROCE % Related Terms

Mining Investments Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Mining Investments 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.

Mining Investments Resources ROCE % Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 -8.61 -63.46 -279.91 -227.86

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -76.86 -648.69 -102.29 -132.16 -133.53

Mining Investments Resources ROCE % Calculation

Mining Investments Resources's annualized ROCE % for the fiscal year that ended in Jun. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2013 )  (A: Jun. 2012 )(A: Jun. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2013 )  (A: Jun. 2012 )(A: Jun. 2013 )
=-0.368/( ( (0.02 - 0.183) + (0.701 - 0.215) )/ 2 )
=-0.368/( (-0.163+0.486)/ 2 )
=-0.368/0.1615
=-227.86 %

Mining Investments Resources's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2013 )  (Q: Jun. 2013 )(Q: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2013 )  (Q: Jun. 2013 )(Q: Dec. 2013 )
=-0.464/( ( (0.701 - 0.215) + (0.422 - 0.213) )/ 2 )
=-0.464/( ( 0.486 + 0.209 )/ 2 )
=-0.464/0.3475
=-133.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2013) 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 -133.53% mean?
Mining Investments Resources (LSE:MIR) has a ROCE % of -133.53% as of Dec. 2013.
Is Mining Investments Resources' ROCE % too high?
Mining Investments Resources' current ROCE % is -133.53%.
How does Mining Investments Resources' ROCE % compare to competitors?
Mining Investments Resources' ROCE % of -133.53% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.90. 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 Conglomerates company?
The median ROCE % among Conglomerates companies is 6.90, based on 556 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. 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. For the Conglomerates industry, the median ROCE % is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Investments Resources's current ROCE % is -133.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current ROCE % of -133.53%. The current ROCE % is -133.53%. 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 Mining Investments Resources (LSE:MIR), the current ROCE % is -133.53% as of Dec. 2013. 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.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.