Oriole Resources (LSE:ORR) ROCE % : -17.61% (As of Dec. 2023)

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What is Oriole 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. Oriole Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.61%.

Oriole Resources ROCE % Historical Data

The historical data trend for Oriole 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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Oriole Resources ROCE % Chart

Oriole Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.10

-8.05

-8.30

-8.71

-13.16

Oriole 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															-4.75	-9.22	-7.88	-8.94	-17.61

Oriole Resources ROCE % Calculation

Oriole Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.532	/	( ( (12.13 - 0.248)	+	(12.008 - 0.607) )	/ 2 )
	=	-1.532	/	( (11.882	+	11.401)	/ 2 )
	=	-1.532	/	11.6415
	=	-13.16 %

Oriole 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 )
	=	-2.018	/	( ( (11.741 - 0.226)	+	(12.008 - 0.607) )	/ 2 )
	=	-2.018	/	( ( 11.515	+	11.401 )	/ 2 )
	=	-2.018	/	11.458
	=	-17.61 %

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

Oriole Resources (LSE:ORR) 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.

Oriole Resources ROCE % Related Terms

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Oriole Resources (LSE:ORR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oriole Resources PLC (LSE:ORR) » Definitions » ROCE %

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S1Y:Germany S1Y:Germany

Address

Wessex House, Upper Market Street, Eastleigh, Hampshire, GBR, SO50 9FD

Website

https://www.orioleresources.com

Oriole Resources PLC is a United Kingdom-based early-stage gold exploration company. The company is engaged in exploring gold in Cameroon and the more advanced Senala gold project in Senegal. Geographically, it has operations in Turkey, East Africa, West Africa, UK support and other.

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