Newton Resources (HKSE:01231) ROCE % : 24.33% (As of Jun. 2023)

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What is Newton 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. Newton Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was 24.33%.

Newton Resources ROCE % Historical Data

The historical data trend for Newton 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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Newton Resources ROCE % Chart

Newton Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.36

7.66

-2.35

-5.06

10.82

Newton 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															-19.41	5.27	-15.49	24.33	-2.75

Newton Resources ROCE % Calculation

Newton Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-11.538	/	( ( (294.42 - 57.424)	+	(473.905 - 254.715) )	/ 2 )
	=	-11.538	/	( (236.996	+	219.19)	/ 2 )
	=	-11.538	/	228.093
	=	-5.06 %

Newton Resources'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 )
	=	56.1	/	( ( (473.905 - 254.715)	+	(547.386 - 305.377) )	/ 2 )
	=	56.1	/	( ( 219.19	+	242.009 )	/ 2 )
	=	56.1	/	230.5995
	=	24.33 %

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

Newton Resources (HKSE:01231) 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.

Newton Resources ROCE % Related Terms

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Newton Resources (HKSE:01231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Newton Resources Ltd (HKSE:01231) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

248 Queen's Road East, Units 4204-05, 42/Floor, Dah Sing Financial Centre, Wan Chai, HKG

Website

https://www.newton-resources.com

Newton Resources Ltd is engaged in trading of iron ore and other commodities. The company recognized revenue derived from sales of iron ore products and other commodities from Mainland China and Other countries.

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