Southridge Enterprises (Southridge Enterprises) ROCE % : 154.45% (As of May. 2008)

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What is Southridge Enterprises 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. Southridge Enterprises's annualized ROCE % for the quarter that ended in May. 2008 was 154.45%.

Southridge Enterprises ROCE % Historical Data

The historical data trend for Southridge Enterprises'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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Southridge Enterprises ROCE % Chart

Southridge Enterprises Annual Data

Trend

Aug06

Aug07

ROCE %

Southridge Enterprises Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08
ROCE %	Get a 7-Day Free Trial						-382.17	-4,126.32	-2,105.26	-45.62	154.45

Southridge Enterprises ROCE % Calculation

Southridge Enterprises's annualized ROCE % for the fiscal year that ended in Aug. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2007 )		(A: Aug. 2006 )		(A: Aug. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2007 )		(A: Aug. 2006 )		(A: Aug. 2007 )
	=	-0.978	/	( ( (0.008 - 0.025)	+	(0.008 - 0.025) )	/ 2 )
	=	-0.978	/	( (-0.017	+	-0.017)	/ 2 )
	=	-0.978	/	-0.017
	=	5,752.94 %

Southridge Enterprises's ROCE % of for the quarter that ended in May. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2008 )		(Q: Feb. 2008 )		(Q: May. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2008 )		(Q: Feb. 2008 )		(Q: May. 2008 )
	=	10.04	/	( ( (5.478 - 0.975)	+	(9.44 - 0.942) )	/ 2 )
	=	10.04	/	( ( 4.503	+	8.498 )	/ 2 )
	=	10.04	/	6.5005
	=	154.45 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2008) EBIT data.

Southridge Enterprises (GREY:SRGE) 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.

Southridge Enterprises ROCE % Related Terms

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Southridge Enterprises (Southridge Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southridge Enterprises Inc (GREY:SRGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3625 N. Hall Street, Suite 900, Dallas, TX, USA, 75219

Website

http://www.Southridgeenterprises.com

Southridge Enterprises Inc is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties.

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