Horizon Minerals (Horizon Minerals) ROCE % : -36.70% (As of Mar. 2017)

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What is Horizon Minerals 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. Horizon Minerals's annualized ROCE % for the quarter that ended in Mar. 2017 was -36.70%.

Horizon Minerals ROCE % Historical Data

The historical data trend for Horizon Minerals'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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Horizon Minerals ROCE % Chart

Horizon Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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-72.24

Horizon Minerals Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
ROCE %	Get a 7-Day Free Trial															-	-	-	-170.28	-36.70

Horizon Minerals ROCE % Calculation

Horizon Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	-0.108	/	( ( (0 - 0.1)	+	(0.509 - 0.11) )	/ 2 )
	=	-0.108	/	( (-0.1	+	0.399)	/ 2 )
	=	-0.108	/	0.1495
	=	-72.24 %

Horizon Minerals's ROCE % of for the quarter that ended in Mar. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	-0.14	/	( ( (0.509 - 0.11)	+	(0.513 - 0.149) )	/ 2 )
	=	-0.14	/	( ( 0.399	+	0.364 )	/ 2 )
	=	-0.14	/	0.3815
	=	-36.70 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

Horizon Minerals (OTCPK:HZNM) 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.

Horizon Minerals ROCE % Related Terms

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Horizon Minerals (Horizon Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Corp (OTCPK:HZNM) » Definitions » ROCE %

Comparable Companies

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N/A

Address

9101 West Sahara Avenue, Suite 105 - 197, Las Vegas, NV, USA, 89117

Website

http://www.horizonmineralscorp.com

Horizon Minerals Corp is a US-based exploration stage company. It owns domestic lithium assets and is currently evaluating additional lithium opportunities in Nevada and California. The company has acquired several claims in the Great Basin and is ongoingly looking for additional lithium asset acquisitions.

Horizon Minerals (Horizon Minerals) Headlines

From GuruFocus

Germany, Hillary and Horizon Minerals

By $$$ Christopher Malcolm • 10-13-2016