Syrah Resources (Syrah Resources) ROCE % : -14.24% (As of Dec. 2023)

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What is Syrah 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. Syrah Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.24%.

Syrah Resources ROCE % Historical Data

The historical data trend for Syrah 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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Syrah Resources ROCE % Chart

Syrah Resources Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-35.65

-12.69

-11.54

-5.14

-14.72

Syrah 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															-12.84	-2.52	-6.64	-11.43	-14.24

Syrah Resources ROCE % Calculation

Syrah 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 )
	=	-68.311	/	( ( (569.97 - 29.98)	+	(700.048 - 311.903) )	/ 2 )
	=	-68.311	/	( (539.99	+	388.145)	/ 2 )
	=	-68.311	/	464.0675
	=	-14.72 %

Syrah 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 )
	=	-70.974	/	( ( (651.2 - 42.235)	+	(700.048 - 311.903) )	/ 2 )
	=	-70.974	/	( ( 608.965	+	388.145 )	/ 2 )
	=	-70.974	/	498.555
	=	-14.24 %

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

Syrah Resources (OTCPK:SYAAF) 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.

Syrah Resources ROCE % Related Terms

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Syrah Resources (Syrah Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Syrah Resources Ltd (OTCPK:SYAAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SRHYY:USA 3S7:Germany SYR:Australia

Address

477 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.syrahresources.com.au

Syrah Resources Ltd is an Australia-based company engaged in mining, mineral exploration, evaluation, and development. The company operates in three segments: Balama, Vidalia, and Corporate. All the company's revenue is derived from the Balama segment, where it produces and sells natural flake graphite from the Balama graphite mine in Mozambique. The company sells graphite globally to customers in Europe, China, India, the Americas, and other locations.