Genmin (ASX:GEN) ROCE % : -26.62% (As of Jun. 2023)

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What is Genmin 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. Genmin's annualized ROCE % for the quarter that ended in Jun. 2023 was -26.62%.

Genmin ROCE % Historical Data

The historical data trend for Genmin'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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Genmin ROCE % Chart

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-10.34

-12.59

-16.59

-26.67

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-15.95	-12.86	-22.01	-26.62	-26.79

Genmin ROCE % Calculation

Genmin's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-16.99	/	( ( (77.775 - 5.664)	+	(71.064 - 15.766) )	/ 2 )
	=	-16.99	/	( (72.111	+	55.298)	/ 2 )
	=	-16.99	/	63.7045
	=	-26.67 %

Genmin's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-18.032	/	( ( (77.775 - 5.664)	+	(71.37 - 7.979) )	/ 2 )
	=	-18.032	/	( ( 72.111	+	63.391 )	/ 2 )
	=	-18.032	/	67.751
	=	-26.62 %

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

Genmin (ASX:GEN) 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.

Genmin ROCE % Related Terms

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Genmin (ASX:GEN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.