Norstra Energy (Norstra Energy) ROCE % : -82.22% (As of Nov. 2013)

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What is Norstra 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. Norstra Energy's annualized ROCE % for the quarter that ended in Nov. 2013 was -82.22%.

Norstra Energy ROCE % Historical Data

The historical data trend for Norstra 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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Norstra Energy ROCE % Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

ROCE %

-62.22

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
ROCE %	Get a 7-Day Free Trial			-296.30	-23.70	-78.11	-125.62	-82.22

Norstra Energy ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2013 )		(A: Feb. 2012 )		(A: Feb. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2013 )		(A: Feb. 2012 )		(A: Feb. 2013 )
	=	-0.042	/	( ( (0.019 - 0)	+	(0.125 - 0.009) )	/ 2 )
	=	-0.042	/	( (0.019	+	0.116)	/ 2 )
	=	-0.042	/	0.0675
	=	-62.22 %

Norstra Energy's ROCE % of for the quarter that ended in Nov. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2013 )		(Q: Aug. 2013 )		(Q: Nov. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2013 )		(Q: Aug. 2013 )		(Q: Nov. 2013 )
	=	-0.444	/	( ( (0.473 - 0.065)	+	(0.757 - 0.085) )	/ 2 )
	=	-0.444	/	( ( 0.408	+	0.672 )	/ 2 )
	=	-0.444	/	0.54
	=	-82.22 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2013) EBIT data.

Norstra Energy (GREY:NORX) 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.

Norstra Energy ROCE % Related Terms

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Norstra Energy (Norstra Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norstra Energy Inc (GREY:NORX) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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