Neometals (Neometals) ROCE % : -47.52% (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Neometals 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. Neometals's annualized ROCE % for the quarter that ended in Dec. 2023 was -47.52%.

Neometals ROCE % Historical Data

The historical data trend for Neometals'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.

* Premium members only.

Neometals ROCE % Chart

Neometals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-14.63

-13.55

15.41

-10.94

-31.76

Neometals 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															-4.56	-19.00	-22.07	-42.70	-47.52

Neometals ROCE % Calculation

Neometals'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 )
	=	-24.261	/	( ( (92.088 - 2.573)	+	(65.6 - 2.348) )	/ 2 )
	=	-24.261	/	( (89.515	+	63.252)	/ 2 )
	=	-24.261	/	76.3835
	=	-31.76 %

Neometals'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 )
	=	-28.5	/	( ( (65.6 - 2.348)	+	(58.021 - 1.327) )	/ 2 )
	=	-28.5	/	( ( 63.252	+	56.694 )	/ 2 )
	=	-28.5	/	59.973
	=	-47.52 %

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

Neometals (OTCPK:RDRUY) 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.

Neometals ROCE % Related Terms

Thank you for viewing the detailed overview of Neometals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Neometals (Neometals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Neometals Ltd (OTCPK:RDRUY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RRSSF:USA NMT:UK 9R9:Germany NMT:Australia

Address

1292 Hay Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.neometals.com.au

Neometals Ltd has developed and is commercialising three environmentally-friendly processing technologies that produce critical and strategic battery materials. Across three business units, above-ground feedstocks are targeted for lithium-ion battery recycling, vanadium recovery and downstream lithium processing opportunities that support the energy transition. The technologies are being exploited as principal, in joint venture and licensed for royalties.

Neometals (Neometals) Headlines

From GuruFocus

Neometals Ltd at Vertical Events RIU Explorers Conference Transcript

By GuruFocus Research • 02-14-2024

Neometals Ltd Investor Presentation Transcript

By GuruFocus Research • 02-14-2024

Neometals Ltd at Vertical Events RIU Explorers Conference Transcript

By GuruFocus Research • 02-14-2024