Energy Resources of Australia (ASX:ERA) ROCE % : -121.13% (As of Jun. 2023)

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What is Energy Resources of Australia 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. Energy Resources of Australia's annualized ROCE % for the quarter that ended in Jun. 2023 was -121.13%.

Energy Resources of Australia ROCE % Historical Data

The historical data trend for Energy Resources of Australia'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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Energy Resources of Australia ROCE % Chart

Energy Resources of Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.65

5.81

-92.52

-11.51

-314.15

Energy Resources of Australia 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															-194.12	5.30	-32.94	-121.13	-368.56

Energy Resources of Australia ROCE % Calculation

Energy Resources of Australia'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 )
	=	-1330.821	/	( ( (679.771 - 326.019)	+	(828.8 - 335.293) )	/ 2 )
	=	-1330.821	/	( (353.752	+	493.507)	/ 2 )
	=	-1330.821	/	423.6295
	=	-314.15 %

Energy Resources of Australia's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-594.674	/	( ( (679.771 - 326.019)	+	(925.229 - 297.09) )	/ 2 )
	=	-594.674	/	( ( 353.752	+	628.139 )	/ 2 )
	=	-594.674	/	490.9455
	=	-121.13 %

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

Energy Resources of Australia (ASX:ERA) 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.

Energy Resources of Australia ROCE % Related Terms

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Energy Resources of Australia (ASX:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Energy Resources of Australia Ltd (ASX:ERA) » Definitions » ROCE %

Comparable Companies

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EGRAY:USA EGRAF:USA EJ7:Germany

Address

18-20 Cavenagh Street, GPO Box 2394, Level 3, Energy House, Darwin, NT, AUS, 0801

Website

http://www.energyres.com.au

Energy Resources of Australia Ltd (ERA) is engaged in mining, processing, and sale of uranium oxide. It operates the Ranger uranium mine. The Ranger mine's operational infrastructure lies within the 79-square kilometer Ranger Project Area, which is located eight kilometers east of Jabiru and 260 kilometers east of Darwin, in the Northern Territory of Australia.