Variscan Mines (Variscan Mines) ROCE % : -7.07% (As of Dec. 2023)

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What is Variscan Mines 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. Variscan Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.07%.

Variscan Mines ROCE % Historical Data

The historical data trend for Variscan Mines'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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Variscan Mines ROCE % Chart

Variscan Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-63.62

-33.18

-9.61

-8.77

-9.56

Variscan Mines 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															-10.04	-7.83	-11.05	-8.99	-7.07

Variscan Mines ROCE % Calculation

Variscan Mines'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 )
	=	-0.595	/	( ( (6.356 - 0.197)	+	(6.463 - 0.17) )	/ 2 )
	=	-0.595	/	( (6.159	+	6.293)	/ 2 )
	=	-0.595	/	6.226
	=	-9.56 %

Variscan Mines'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 )
	=	-0.444	/	( ( (6.463 - 0.17)	+	(6.53 - 0.259) )	/ 2 )
	=	-0.444	/	( ( 6.293	+	6.271 )	/ 2 )
	=	-0.444	/	6.282
	=	-7.07 %

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

Variscan Mines (OTCPK:PLTSF) 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.

Variscan Mines ROCE % Related Terms

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Variscan Mines (Variscan Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Variscan Mines Ltd (OTCPK:PLTSF) » Definitions » ROCE %

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VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

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