Norseman Gold (LSE:NGL) ROCE % : 0.00% (As of Jun. 2014)

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What is Norseman Gold 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. Norseman Gold's annualized ROCE % for the quarter that ended in Jun. 2014 was 0.00%.

Norseman Gold ROCE % Historical Data

The historical data trend for Norseman Gold'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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Norseman Gold ROCE % Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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1.35

-30.93

-79.60

-2,029.13

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
ROCE %	Get a 7-Day Free Trial			1.35	-28.65	-106.11	-2,029.13	-

Norseman Gold ROCE % Calculation

Norseman Gold's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	0.241	/	( ( (9.012 - 42.524)	+	(4.838 - 44.742) )	/ 2 )
	=	0.241	/	( (-33.512	+	-39.904)	/ 2 )
	=	0.241	/	-36.708
	=	-0.66 %

Norseman Gold's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Jun. 2013 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Jun. 2013 )		(Q: Jun. 2014 )
	=	0.241	/	( ( (9.012 - 42.524)	+	(4.838 - 44.742) )	/ 2 )
	=	0.241	/	( ( -33.512	+	-39.904 )	/ 2 )
	=	0.241	/	-36.708
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2014) EBIT data.

Norseman Gold (LSE:NGL) 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.

Norseman Gold ROCE % Related Terms

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Norseman Gold (LSE:NGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » ROCE %

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.