New Century Resources (ASX:NCZ) ROCE % : -13.25% (As of Dec. 2022)

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What is New Century 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. New Century Resources's annualized ROCE % for the quarter that ended in Dec. 2022 was -13.25%.

New Century Resources ROCE % Historical Data

The historical data trend for New Century 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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New Century Resources ROCE % Chart

New Century Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-215.90

-7.21

-1.95

2.35

-5.45

New Century Resources Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial															2.68	2.08	3.72	-13.62	-13.25

New Century Resources ROCE % Calculation

New Century Resources's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-16.551	/	( ( (401.517 - 116.694)	+	(462.923 - 140.126) )	/ 2 )
	=	-16.551	/	( (284.823	+	322.797)	/ 2 )
	=	-16.551	/	303.81
	=	-5.45 %

New Century Resources's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-41.722	/	( ( (462.923 - 140.126)	+	(462.04 - 155.153) )	/ 2 )
	=	-41.722	/	( ( 322.797	+	306.887 )	/ 2 )
	=	-41.722	/	314.842
	=	-13.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

New Century Resources (ASX:NCZ) 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.

New Century Resources ROCE % Related Terms

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New Century Resources (ASX:NCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Century Resources Ltd (ASX:NCZ) » Definitions » ROCE %

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N/A

Address

360 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.newcenturyresources.com

New Century Resources Ltd is a mining company focused on producing metal from globally significant assets, acquired on attractive terms while rehabilitating legacy impacts on the environment. The company is a Zinc producer, operating Australia's hydraulic mining operation at the Century Mine in Queensland; extracting, processing and shipping Zinc reprocessed from historical tailings waste. It is actively progressing organic growth opportunities through in-situ projects at Century and exploring the potential to restart the Mt Lyell Copper Mine in Tasmania using renewable energy. In addition, the group is partnering with major mining companies to reprocess and rehabilitate tailings, to the benefit of the shareholders and the environment.