MPI (XPAR:MPI) ROCE % : -0.64% (As of Jun. 2015)

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What is MPI 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. MPI's annualized ROCE % for the quarter that ended in Jun. 2015 was -0.64%.

MPI ROCE % Historical Data

The historical data trend for MPI'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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MPI ROCE % Chart

MPI Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

-0.02

-0.89

-0.70

7.65

-0.75

MPI Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial					-0.83	15.69	-0.98	-0.55	-0.64

MPI ROCE % Calculation

MPI's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-3.781	/	( ( (468.433 - 7.379)	+	(565.385 - 14.903) )	/ 2 )
	=	-3.781	/	( (461.054	+	550.482)	/ 2 )
	=	-3.781	/	505.768
	=	-0.75 %

MPI'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: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	-3.556	/	( ( (565.385 - 14.903)	+	(575.687 - 8.013) )	/ 2 )
	=	-3.556	/	( ( 550.482	+	567.674 )	/ 2 )
	=	-3.556	/	559.078
	=	-0.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

MPI (XPAR:MPI) 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.

MPI ROCE % Related Terms

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MPI (XPAR:MPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MPI SA (XPAR:MPI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.mpienergy.com

MPI is a Nigerian oil & gas exploration and production company.

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