GYPHQ (Gryphon Gold) ROCE % : -16.45% (As of Dec. 2012)

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What is Gryphon Gold 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. Gryphon Gold's annualized ROCE % for the quarter that ended in Dec. 2012 was -16.45%.

Gryphon Gold ROCE % Historical Data

The historical data trend for Gryphon Gold'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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Gryphon Gold ROCE % Chart

Gryphon Gold Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

ROCE %

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-60.73

-40.31

-91.50

-79.28

-17.49

Gryphon Gold Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
ROCE %	Get a 7-Day Free Trial															-16.89	-5.74	1.15	-14.28	-16.45

Gryphon Gold ROCE % Calculation

Gryphon Gold's annualized ROCE % for the fiscal year that ended in Mar. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2012 )		(A: Mar. 2011 )		(A: Mar. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2012 )		(A: Mar. 2011 )		(A: Mar. 2012 )
	=	-2.371	/	( ( (4.261 - 0.397)	+	(30.212 - 6.964) )	/ 2 )
	=	-2.371	/	( (3.864	+	23.248)	/ 2 )
	=	-2.371	/	13.556
	=	-17.49 %

Gryphon Gold's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Sep. 2012 )		(Q: Dec. 2012 )
	=	-4.96	/	( ( (39.455 - 12.238)	+	(43.209 - 10.127) )	/ 2 )
	=	-4.96	/	( ( 27.217	+	33.082 )	/ 2 )
	=	-4.96	/	30.1495
	=	-16.45 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

Gryphon Gold (OTCPK:GYPHQ) 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.

Gryphon Gold ROCE % Related Terms

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Gryphon Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gryphon Gold Corp (OTCPK:GYPHQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

611 N. Nevada Street, Carson City, NV, USA, 89703

Website

http://www.gryphongold.com

Gryphon Gold Corp is engaged in the acquisition, exploration and development of gold properties in the United States, emphasizing the state of Nevada.

Executives

Robert Llee Chapman	officer: Chief Financial Officer	4601 DTC BLVD STE 750, DENVER CO 80237
Ted Riley Sharp	officer: Chief Financial Officer	714 WHISPERWOOD COURT, NAMPA ID 83686
Terence James Cryan	director	2 HAMPSHIRE RD, BRONXVILLE NY 10708
Marvin K Kaiser	director	P.O. BOX 460011, ST. LOUIS MO 63151
Raymond William Wilson	officer: Chief Financial Officer	711, 675 W. HASTINGS STREET, VANCOUVER A1 V6B 1N2
Donald E Ranta	director	C/O RARE ELEMENT RESOURCES LTD, 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Christopher E Herald	director	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033

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