Boomerang Oil (XCNQ:BOI) ROCE % : -664.05% (As of Jun. 2015)

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What is Boomerang Oil 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. Boomerang Oil's annualized ROCE % for the quarter that ended in Jun. 2015 was -664.05%.

Boomerang Oil ROCE % Historical Data

The historical data trend for Boomerang Oil'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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Boomerang Oil ROCE % Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

ROCE %

-115.58

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial										-125.14	9.91	-82.07	-71.93	-664.05

Boomerang Oil ROCE % Calculation

Boomerang Oil's annualized ROCE % for the fiscal year that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2014 )		(A: Sep. 2013 )		(A: Sep. 2014 )
	=	-0.293	/	( ( (0.001 - 0.017)	+	(1.208 - 0.685) )	/ 2 )
	=	-0.293	/	( (-0.016	+	0.523)	/ 2 )
	=	-0.293	/	0.2535
	=	-115.58 %

Boomerang Oil's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	-0.508	/	( ( (1.212 - 1.031)	+	(1.242 - 1.27) )	/ 2 )
	=	-0.508	/	( ( 0.181	+	-0.028 )	/ 2 )
	=	-0.508	/	0.0765
	=	-664.05 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

Boomerang Oil (XCNQ:BOI) 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.

Boomerang Oil ROCE % Related Terms

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Boomerang Oil (XCNQ:BOI) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boomerang Oil Inc (XCNQ:BOI) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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