Zinco Mining (TSXV:ZIM.H) ROCE % : 0.00% (As of Jun. 2017)

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What is Zinco Mining 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. Zinco Mining's annualized ROCE % for the quarter that ended in Jun. 2017 was 0.00%.

Zinco Mining ROCE % Historical Data

The historical data trend for Zinco Mining'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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Zinco Mining ROCE % Chart

Zinco Mining Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

ROCE %

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-10.54

-6.62

-345.21

Zinco Mining Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Zinco Mining ROCE % Calculation

Zinco Mining's annualized ROCE % for the fiscal year that ended in Sep. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2016 )		(A: Sep. 2015 )		(A: Sep. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2016 )		(A: Sep. 2015 )		(A: Sep. 2016 )
	=	-0.114	/	( ( (0.007 - 0.835)	+	(0.007 - 1.04) )	/ 2 )
	=	-0.114	/	( (-0.828	+	-1.033)	/ 2 )
	=	-0.114	/	-0.9305
	=	12.25 %

Zinco Mining's ROCE % of for the quarter that ended in Jun. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	-0.048	/	( ( (0.021 - 1.048)	+	(0.018 - 1.108) )	/ 2 )
	=	-0.048	/	( ( -1.027	+	-1.09 )	/ 2 )
	=	-0.048	/	-1.0585
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

Zinco Mining (TSXV:ZIM.H) 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.

Zinco Mining ROCE % Related Terms

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Zinco Mining (TSXV:ZIM.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zinco Mining Corp (TSXV:ZIM.H) » Definitions » ROCE %

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Address

16055 Fraser Highway, Suite 825, 205, Surrey, BC, CAN, V4N 0G2

Website

http://www.zincomining.com

Zinco Mining Corp is an exploration-stage company. The company is engaged in the acquisition, exploration, and development of its mineral interests. The firm is in the process of exploring its exploration and evaluation assets. It is engaged in the discovery and development of volcanogenic massive sulfide (VMS) deposits in Mexico. The firm, through its subsidiary, Minera Croesus S.A. de C.V., owns approximately seven mining concessions that define the VMS Project.

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