Goldplat (LSE:GDP) ROCE % : 26.26% (As of Dec. 2023)

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What is Goldplat 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. Goldplat's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.26%.

Goldplat ROCE % Historical Data

The historical data trend for Goldplat'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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Goldplat ROCE % Chart

Goldplat Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.25

32.61

21.82

31.45

22.97

Goldplat 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															33.53	30.88	25.68	19.08	26.26

Goldplat ROCE % Calculation

Goldplat'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 )
	=	4.594	/	( ( (37.571 - 16.416)	+	(63.484 - 44.635) )	/ 2 )
	=	4.594	/	( (21.155	+	18.849)	/ 2 )
	=	4.594	/	20.002
	=	22.97 %

Goldplat'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 )
	=	5.074	/	( ( (63.484 - 44.635)	+	(48.457 - 28.666) )	/ 2 )
	=	5.074	/	( ( 18.849	+	19.791 )	/ 2 )
	=	5.074	/	19.32
	=	26.26 %

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

Goldplat (LSE:GDP) 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.

Goldplat ROCE % Related Terms

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Goldplat (LSE:GDP) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldplat PLC (LSE:GDP) » Definitions » ROCE %

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G7N:Germany

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.goldplat.com

Goldplat PLC is a gold and precious metals, producer. The company's businesses are based in Africa and comprise the production of gold and other precious metals, by processing by-products of the mining industry. The Company sources material to process not only in the African continent but also from gold-producing countries outside Africa. The company's reportable segment includes South African Recovery operations, West African Recovery Operations and Administration.