Galena Mining (ASX:G1A) ROCE % : -3.49% (As of Dec. 2022)

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What is Galena Mining 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. Galena Mining's annualized ROCE % for the quarter that ended in Dec. 2022 was -3.49%.

Galena Mining ROCE % Historical Data

The historical data trend for Galena Mining'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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Galena Mining ROCE % Chart

Galena Mining Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-12.50

-5.98

-3.44

-4.49

-18.69

Galena Mining Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial							-4.07	-3.04	-6.55	-3.49	-29.00

Galena Mining ROCE % Calculation

Galena Mining'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 )
	=	-50.214	/	( ( (264.244 - 19.137)	+	(366.182 - 74.061) )	/ 2 )
	=	-50.214	/	( (245.107	+	292.121)	/ 2 )
	=	-50.214	/	268.614
	=	-18.69 %

Galena Mining's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-10.048	/	( ( (264.244 - 19.137)	+	(374.904 - 43.749) )	/ 2 )
	=	-10.048	/	( ( 245.107	+	331.155 )	/ 2 )
	=	-10.048	/	288.131
	=	-3.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Galena Mining (ASX:G1A) 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.

Galena Mining ROCE % Related Terms

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Galena Mining (ASX:G1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galena Mining Ltd (ASX:G1A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GM6:Germany

Address

1100 Hay Street, Level 2, PO Box 297, West Perth, Perth, WA, AUS, 6872

Website

https://www.galenamining.com.au

Galena Mining Ltd is engaged in the mining industry. It explores and develops base metals in Australia through the Abra base metal deposit project. The company's operating segment includes Abra Project; Exploration and Other Activities. It generates maximum revenue from the Abra Project segment.

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