Superior Resources (ASX:SPQ) ROCE % : -10.74% (As of Dec. 2023)

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What is Superior Resources 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. Superior Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.74%.

Superior Resources ROCE % Historical Data

The historical data trend for Superior Resources'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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Superior Resources ROCE % Chart

Superior Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-7.19

-11.92

-10.94

-6.05

-6.39

Superior Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.13	-4.50	-6.08	-7.50	-10.74

Superior Resources ROCE % Calculation

Superior Resources'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 )
	=	-0.889	/	( ( (13.148 - 0.661)	+	(15.94 - 0.604) )	/ 2 )
	=	-0.889	/	( (12.487	+	15.336)	/ 2 )
	=	-0.889	/	13.9115
	=	-6.39 %

Superior Resources'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 )
	=	-1.702	/	( ( (15.94 - 0.604)	+	(16.904 - 0.542) )	/ 2 )
	=	-1.702	/	( ( 15.336	+	16.362 )	/ 2 )
	=	-1.702	/	15.849
	=	-10.74 %

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

Superior Resources (ASX:SPQ) 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.

Superior Resources ROCE % Related Terms

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Superior Resources (ASX:SPQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Superior Resources Ltd (ASX:SPQ) » Definitions » ROCE %

Comparable Companies

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N/A

Address

5 Gardner Close, Suite 3, Coorparoo, Milton, QLD, AUS, 4064

Website

https://www.superiorresources.com.au

Superior Resources Ltd is a Brisbane-based copper-lead-zinc and gold explorer company operating in North Queensland, Australia. The provinces of Carpentaria Zinc and the Greenvale Ordovician receive the majority of attention. West-northwest of Townsville is where the Greenvale project is situated. The Century Zinc Mine is close to the northwest of the Nicholson Project.

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