Harmony Gold Mining Co (Harmony Gold Mining Co) ROCE % : 30.75% (As of Dec. 2023)

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What is Harmony Gold Mining Co 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. Harmony Gold Mining Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.75%.

Harmony Gold Mining Co ROCE % Historical Data

The historical data trend for Harmony Gold Mining Co'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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Harmony Gold Mining Co ROCE % Chart

Harmony Gold Mining Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-5.96

0.17

19.19

-0.75

15.21

Harmony Gold Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.35	-10.68	11.80	18.78	30.75

Harmony Gold Mining Co ROCE % Calculation

Harmony Gold Mining Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	405.446	/	( ( (2959.834 - 314.587)	+	(3053.647 - 366.342) )	/ 2 )
	=	405.446	/	( (2645.247	+	2687.305)	/ 2 )
	=	405.446	/	2666.276
	=	15.21 %

Harmony Gold Mining Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	854.3	/	( ( (3053.647 - 366.342)	+	(3208.643 - 339.509) )	/ 2 )
	=	854.3	/	( ( 2687.305	+	2869.134 )	/ 2 )
	=	854.3	/	2778.2195
	=	30.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Harmony Gold Mining Co (NYSE:HMY) 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.

Harmony Gold Mining Co ROCE % Related Terms

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Harmony Gold Mining Co (Harmony Gold Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harmony Gold Mining Co Ltd (NYSE:HMY) » Definitions » ROCE %

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Traded in Other Exchanges

HAR:South Africa HGMCF:USA HAM1:Germany HAM:Germany HAM1:Germany HAM:Germany HMY:Argentina

Address

Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759

Website

https://www.harmony.co.za

Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.