Jupiter Mines (ASX:JMS) ROCE % : 5.82% (As of Aug. 2023)

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What is Jupiter Mines 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. Jupiter Mines's annualized ROCE % for the quarter that ended in Aug. 2023 was 5.82%.

Jupiter Mines ROCE % Historical Data

The historical data trend for Jupiter Mines'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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Jupiter Mines ROCE % Chart

Jupiter Mines Annual Data

Trend

Aug17

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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46.38

22.15

13.49

-1.23

17.44

Jupiter Mines Semi-Annual Data
	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial						12.06	-14.91	19.55	15.29	5.82

Jupiter Mines ROCE % Calculation

Jupiter Mines's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	89.756	/	( ( (532.735 - 42.083)	+	(577.674 - 39.267) )	/ 2 )
	=	89.756	/	( (490.652	+	538.407)	/ 2 )
	=	89.756	/	514.5295
	=	17.44 %

Jupiter Mines's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	31.77	/	( ( (577.674 - 39.267)	+	(554.877 - 2.42) )	/ 2 )
	=	31.77	/	( ( 538.407	+	552.457 )	/ 2 )
	=	31.77	/	545.432
	=	5.82 %

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

Jupiter Mines (ASX:JMS) 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.

Jupiter Mines ROCE % Related Terms

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Jupiter Mines (ASX:JMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jupiter Mines Ltd (ASX:JMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JMXXF:USA LGU:Germany

Address

220 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.jupitermines.com

Jupiter Mines Ltd is a mining explorer and producer focusing on iron ore and manganese exploration and development projects in Western Australia and South Africa. Its core assets are Tshipi Manganese Project and Central Yilgarn Iron Projects.

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