Volcan Holdings (Volcan Holdings) ROCE % : 0.00% (As of Jun. 2010)

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What is Volcan Holdings 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. Volcan Holdings's annualized ROCE % for the quarter that ended in Jun. 2010 was 0.00%.

Volcan Holdings ROCE % Historical Data

The historical data trend for Volcan Holdings'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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Volcan Holdings ROCE % Chart

Volcan Holdings Annual Data

Trend

Aug07

Aug08

Jun09

Jun10

ROCE %

-750.00

Volcan Holdings Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
ROCE %	Get a 7-Day Free Trial										-	-	-559.22	-248.89	-

Volcan Holdings ROCE % Calculation

Volcan Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2010 )		(A: Jun. 2009 )		(A: Jun. 2010 )
	=	-3.709	/	( ( (0.332 - 1.396)	+	(0.56 - 2.456) )	/ 2 )
	=	-3.709	/	( (-1.064	+	-1.896)	/ 2 )
	=	-3.709	/	-1.48
	=	250.61 %

Volcan Holdings's ROCE % of for the quarter that ended in Jun. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2010 )		(Q: Mar. 2010 )		(Q: Jun. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2010 )		(Q: Mar. 2010 )		(Q: Jun. 2010 )
	=	-12.528	/	( ( (2.671 - 2.504)	+	(0.56 - 2.456) )	/ 2 )
	=	-12.528	/	( ( 0.167	+	-1.896 )	/ 2 )
	=	-12.528	/	-0.8645
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2010) EBIT data.

Volcan Holdings (OTCPK:VOHO) 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.

Volcan Holdings ROCE % Related Terms

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Volcan Holdings (Volcan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Holdings Inc (OTCPK:VOHO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

412 North Main Street, Suite 100, Buffalo, WY, USA, 82834

Website

https://www.volcan.com.au

Volcan Holdings Inc operates in the industrial metals and minerals industry. The company is engaged in mineral exploration and development in Australia. The primary business is a bauxite alumina resource company.

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