Quantum Graphite (ASX:QGL) ROCE % : -15.94% (As of Dec. 2023)

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What is Quantum Graphite 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. Quantum Graphite's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.94%.

Quantum Graphite ROCE % Historical Data

The historical data trend for Quantum Graphite'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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Quantum Graphite ROCE % Chart

Quantum Graphite Annual Data

Trend

Jun14

Jun15

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-37.68

-8.11

-13.87

-12.52

-28.72

Quantum Graphite Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													-12.04	-11.58	-33.05	-21.56	-15.94

Quantum Graphite ROCE % Calculation

Quantum Graphite'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 )
	=	-5.115	/	( ( (19.895 - 2.485)	+	(20.92 - 2.716) )	/ 2 )
	=	-5.115	/	( (17.41	+	18.204)	/ 2 )
	=	-5.115	/	17.807
	=	-28.72 %

Quantum Graphite'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 )
	=	-3.01	/	( ( (20.92 - 2.716)	+	(21.314 - 1.746) )	/ 2 )
	=	-3.01	/	( ( 18.204	+	19.568 )	/ 2 )
	=	-3.01	/	18.886
	=	-15.94 %

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

Quantum Graphite (ASX:QGL) 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.

Quantum Graphite ROCE % Related Terms

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Quantum Graphite (ASX:QGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quantum Graphite Ltd (ASX:QGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

L5, 349 Collins Street, Melbourne, VIC, AUS, 3000

Website

http://www.quantumgraphite.com

Quantum Graphite Ltd operates in the mining industry. It is engaged in the exploration, mining, processing and manufacture of graphite and associated products.

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