TORM (TOR Minerals International) ROCE % : -4.29% (As of Dec. 2017)

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What is TOR Minerals International 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. TOR Minerals International's annualized ROCE % for the quarter that ended in Dec. 2017 was -4.29%.

TOR Minerals International ROCE % Historical Data

The historical data trend for TOR Minerals International'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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TOR Minerals International ROCE % Chart

TOR Minerals International Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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-4.78

-0.97

-17.02

2.36

-4.29

TOR Minerals International Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
ROCE %	Get a 7-Day Free Trial															-4.78	-0.97	-17.02	2.36	-4.29

TOR Minerals International ROCE % Calculation

TOR Minerals International's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-1.338	/	( ( (35.729 - 4.606)	+	(36.329 - 5.013) )	/ 2 )
	=	-1.338	/	( (31.123	+	31.316)	/ 2 )
	=	-1.338	/	31.2195
	=	-4.29 %

TOR Minerals International's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Dec. 2016 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Dec. 2016 )		(Q: Dec. 2017 )
	=	-1.338	/	( ( (35.729 - 4.606)	+	(36.329 - 5.013) )	/ 2 )
	=	-1.338	/	( ( 31.123	+	31.316 )	/ 2 )
	=	-1.338	/	31.2195
	=	-4.29 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2017) EBIT data.

TOR Minerals International (OTCPK:TORM) 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.

TOR Minerals International ROCE % Related Terms

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TOR Minerals International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOR Minerals International Inc (OTCPK:TORM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 N Upper Broadway, Suite 410, Corpus Christi, TX, USA, 78401

Website

https://www.torminerals.com

TOR Minerals International Inc is engaged in the manufacture and sale of mineral products for use as pigments and extenders, majorly in the manufacture of paints, industrial coatings plastics, and solid surface applications. It has a business presence in the U.S., Pacific Rim; Canada, Mexico and South/Central America; Europe, Africa and the Middle East countries. Some of its products are Aluprem, Hitox and Tioprem, BARTEX and Haltex, among others.

Executives

Steven E Paulson	director	722 BURLESON STREET, CORPUS CHRISTI TX 78402
Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503

TOR Minerals International Headlines

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