Eastern Metals (ASX:EMS) ROCE % : -67.53% (As of Dec. 2023)

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What is Eastern Metals 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. Eastern Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -67.53%.

Eastern Metals ROCE % Historical Data

The historical data trend for Eastern Metals'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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Eastern Metals ROCE % Chart

Eastern Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-67.93

-65.66

-75.58

Eastern Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-68.53	-98.06	-51.25	-67.53	-93.73

Eastern Metals ROCE % Calculation

Eastern Metals'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 )
	=	-2.496	/	( ( (4.855 - 0.524)	+	(3.405 - 0.133) )	/ 2 )
	=	-2.496	/	( (4.331	+	3.272)	/ 2 )
	=	-2.496	/	3.8015
	=	-65.66 %

Eastern Metals'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 )
	=	-1.912	/	( ( (3.405 - 0.133)	+	(2.454 - 0.063) )	/ 2 )
	=	-1.912	/	( ( 3.272	+	2.391 )	/ 2 )
	=	-1.912	/	2.8315
	=	-67.53 %

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

Eastern Metals (ASX:EMS) 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.

Eastern Metals ROCE % Related Terms

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Eastern Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Metals Ltd (ASX:EMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.easternmetals.com.au

Eastern Metals Ltd is an Australian junior base and precious metals exploration company with initial interests in three projects: the Arunta Project in the Northern Territory, Cobar Project and Thomson Project in New South Wales.

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