GASE Energy (GASE Energy) ROCE % : -212.36% (As of Sep. 2014)

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What is GASE 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. GASE Energy's annualized ROCE % for the quarter that ended in Sep. 2014 was -212.36%.

GASE Energy ROCE % Historical Data

The historical data trend for GASE 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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GASE Energy ROCE % Chart

GASE Energy Annual Data

Trend

Dec11

Dec12

Dec13

ROCE %

-31.25

9.39

-371.28

GASE Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial							-3,258.73	-56.19	-157.52	-221.72	-212.36

GASE Energy ROCE % Calculation

GASE Energy's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-3.956	/	( ( (1.841 - 0.536)	+	(1.269 - 0.443) )	/ 2 )
	=	-3.956	/	( (1.305	+	0.826)	/ 2 )
	=	-3.956	/	1.0655
	=	-371.28 %

GASE Energy's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	-0.292	/	( ( (0.812 - 0.615)	+	(0.687 - 0.609) )	/ 2 )
	=	-0.292	/	( ( 0.197	+	0.078 )	/ 2 )
	=	-0.292	/	0.1375
	=	-212.36 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

GASE Energy (OTCPK:GASE) 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.

GASE Energy ROCE % Related Terms

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GASE Energy (GASE Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GASE Energy Inc (OTCPK:GASE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Larbert Road, Southport, CT, USA, 06890

Website

https://www.greateastenergy.com

GASE Energy Inc is a shell company.

GASE Energy (GASE Energy) Headlines

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