Titan Oil & Gas (Titan Oil & Gas) ROCE % : -14.06% (As of May. 2013)

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What is Titan Oil & Gas 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. Titan Oil & Gas's annualized ROCE % for the quarter that ended in May. 2013 was -14.06%.

Titan Oil & Gas ROCE % Historical Data

The historical data trend for Titan Oil & Gas'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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Titan Oil & Gas ROCE % Chart

Titan Oil & Gas Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

ROCE %

-180.00

-105.56

-40.45

-24.17

Titan Oil & Gas Quarterly Data
	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
ROCE %	Get a 7-Day Free Trial														-13.78	-31.85	-10.54	-59.97	-14.06

Titan Oil & Gas ROCE % Calculation

Titan Oil & Gas's annualized ROCE % for the fiscal year that ended in Aug. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2012 )		(A: Aug. 2011 )		(A: Aug. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2012 )		(A: Aug. 2011 )		(A: Aug. 2012 )
	=	-0.116	/	( ( (0.652 - 0.038)	+	(0.366 - 0.02) )	/ 2 )
	=	-0.116	/	( (0.614	+	0.346)	/ 2 )
	=	-0.116	/	0.48
	=	-24.17 %

Titan Oil & Gas's ROCE % of for the quarter that ended in May. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2013 )		(Q: Feb. 2013 )		(Q: May. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2013 )		(Q: Feb. 2013 )		(Q: May. 2013 )
	=	-0.04	/	( ( (0.311 - 0.021)	+	(0.325 - 0.046) )	/ 2 )
	=	-0.04	/	( ( 0.29	+	0.279 )	/ 2 )
	=	-0.04	/	0.2845
	=	-14.06 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2013) EBIT data.

Titan Oil & Gas (GREY:TNGS) 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.

Titan Oil & Gas ROCE % Related Terms

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Titan Oil & Gas (Titan Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Titan Oil & Gas Inc (GREY:TNGS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7251 West Lake Mead Boulevard, Suite 300, Las Vegas, NV, USA, 89128

Website

http://www.titanoilgas.com

Titan Oil & Gas Inc is an is an exploration stage company. It is engaged in the acquisition, exploration and development of oil and gas properties.

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