Vertex Minerals (ASX:VTX) ROCE % : -11.09% (As of Dec. 2023)

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What is Vertex Minerals 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. Vertex Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.09%.

Vertex Minerals ROCE % Historical Data

The historical data trend for Vertex Minerals'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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Vertex Minerals ROCE % Chart

Vertex Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-6.83

-12.42

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-12.39	-12.43	-11.09

Vertex Minerals ROCE % Calculation

Vertex Minerals'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 )
	=	-0.97	/	( ( (8.443 - 0.284)	+	(7.769 - 0.309) )	/ 2 )
	=	-0.97	/	( (8.159	+	7.46)	/ 2 )
	=	-0.97	/	7.8095
	=	-12.42 %

Vertex Minerals'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 )
	=	-0.896	/	( ( (7.769 - 0.309)	+	(9.154 - 0.45) )	/ 2 )
	=	-0.896	/	( ( 7.46	+	8.704 )	/ 2 )
	=	-0.896	/	8.082
	=	-11.09 %

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

Vertex Minerals (ASX:VTX) 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.

Vertex Minerals ROCE % Related Terms

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Vertex Minerals (ASX:VTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vertex Minerals Ltd (ASX:VTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VTXXF:USA

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

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