Arian Resources (Arian Resources) ROCE % : 0.00% (As of Nov. 2016)

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What is Arian Resources 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. Arian Resources's annualized ROCE % for the quarter that ended in Nov. 2016 was 0.00%.

Arian Resources ROCE % Historical Data

The historical data trend for Arian Resources'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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Arian Resources ROCE % Chart

Arian Resources Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

May16

ROCE %

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-16.23

-84.08

-481.83

-105.41

Arian Resources Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
ROCE %	Get a 7-Day Free Trial															-75.33	-148.69	-	-	-

Arian Resources ROCE % Calculation

Arian Resources's annualized ROCE % for the fiscal year that ended in May. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2016 )		(A: May. 2015 )		(A: May. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2016 )		(A: May. 2015 )		(A: May. 2016 )
	=	-5.204	/	( ( (4.223 - 2.677)	+	(0.06 - 3.092) )	/ 2 )
	=	-5.204	/	( (1.546	+	-3.032)	/ 2 )
	=	-5.204	/	-0.743
	=	700.40 %

Arian Resources's ROCE % of for the quarter that ended in Nov. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2016 )		(Q: Aug. 2016 )		(Q: Nov. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2016 )		(Q: Aug. 2016 )		(Q: Nov. 2016 )
	=	-0.396	/	( ( (0.088 - 3.214)	+	(0.096 - 3.222) )	/ 2 )
	=	-0.396	/	( ( -3.126	+	-3.126 )	/ 2 )
	=	-0.396	/	-3.126
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2016) EBIT data.

Arian Resources (OTCPK:GNHRF) 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.

Arian Resources ROCE % Related Terms

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Arian Resources (Arian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arian Resources Corp (OTCPK:GNHRF) » Definitions » ROCE %

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Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.arianresources.com

Arian Resources Corp is a mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, platinum group elements, chromite, and copper ores. It holds interests in Albanian exploration projects located in Northern Albania and also owns interest in a copper mining exploitation permit located in Albania. It operates through Mineral exploration segment and generates revenue from the same.

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