SeaDragon (NZSE:SEA) ROCE % : -200.57% (As of Sep. 2019)

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What is SeaDragon 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. SeaDragon's annualized ROCE % for the quarter that ended in Sep. 2019 was -200.57%.

SeaDragon ROCE % Historical Data

The historical data trend for SeaDragon'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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SeaDragon ROCE % Chart

SeaDragon Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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-53.46

-42.74

-38.39

-90.72

-78.55

SeaDragon Semi-Annual Data
	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
ROCE %	Get a 7-Day Free Trial															-43.64	-48.64	-110.20	-200.57	46.23

SeaDragon ROCE % Calculation

SeaDragon's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-7.031	/	( ( (11.54 - 2.466)	+	(10.668 - 1.841) )	/ 2 )
	=	-7.031	/	( (9.074	+	8.827)	/ 2 )
	=	-7.031	/	8.9505
	=	-78.55 %

SeaDragon's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Mar. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Mar. 2019 )		(Q: Sep. 2019 )
	=	-18.2	/	( ( (11.54 - 2.466)	+	(11.54 - 2.466) )	/ 2 )
	=	-18.2	/	( ( 9.074	+	9.074 )	/ 2 )
	=	-18.2	/	9.074
	=	-200.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2019) EBIT data.

SeaDragon (NZSE:SEA) 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.

SeaDragon ROCE % Related Terms

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SeaDragon (NZSE:SEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SeaDragon Ltd (NZSE:SEA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Nayland Road, Stoke, Nelson, NZL, 7011

Website

http://www.seadragon.co.nz

SeaDragon Ltd is engaged in the manufacture of refined fish oils. The Company's products include Omega-2 and Omega-3. Its Omega-2 product is sourced from either animal or vegetable sources and is used in the cosmetics, nutraceutical, pharmaceutical industries, lubrication and in fiber coatings. The Omega-3 products involve tuna and marine-farmed salmon which help in the processing of initial unrefined oils. The company exports its products to various countries, which include Australia, South East and North Asia, Japan, the European Union, China, the United States and Canada.

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