United Energy (United Energy) ROCE % : 0.00% (As of Dec. 2010)

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What is United Energy 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. United Energy's annualized ROCE % for the quarter that ended in Dec. 2010 was 0.00%.

United Energy ROCE % Historical Data

The historical data trend for United Energy'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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United Energy ROCE % Chart

United Energy Annual Data

Trend

Mar00

Mar01

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

ROCE %

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-114.68

-346.31

-58.75

-92.63

-146.92

United Energy Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
ROCE %	Get a 7-Day Free Trial															-801.46	-650.00	-2,070.59	-	-

United Energy ROCE % Calculation

United Energy's annualized ROCE % for the fiscal year that ended in Mar. 2009 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2009 )		(A: Mar. 2008 )		(A: Mar. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2009 )		(A: Mar. 2008 )		(A: Mar. 2009 )
	=	-1.337	/	( ( (1.895 - 0.526)	+	(0.933 - 0.482) )	/ 2 )
	=	-1.337	/	( (1.369	+	0.451)	/ 2 )
	=	-1.337	/	0.91
	=	-146.92 %

United Energy's ROCE % of for the quarter that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2010 )		(Q: Sep. 2010 )		(Q: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2010 )		(Q: Sep. 2010 )		(Q: Dec. 2010 )
	=	-0.932	/	( ( (1.016 - 1.085)	+	(0.731 - 1.026) )	/ 2 )
	=	-0.932	/	( ( -0.069	+	-0.295 )	/ 2 )
	=	-0.932	/	-0.182
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2010) EBIT data.

United Energy (OTCPK:UNRG) 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.

United Energy ROCE % Related Terms

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United Energy (United Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Corp (OTCPK:UNRG) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

https://www.unitedenergycorp.net

United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana.

Executives

Jack Silver	director, 10 percent owner	660 MADISON AVENUE, NEW YORK NY 10021
Adam Hershey	director	140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Grano Joseph J Jr	other: Former 10% Owner	C/O MEDGENICS, INC., 435 DEVON PARK DRIVE BLDG 700, WAYNE PA 19087

United Energy (United Energy) Headlines

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