Griffin Mining (LSE:GFM) ROCE % : 7.24% (As of Jun. 2023)

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What is Griffin Mining 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. Griffin Mining's annualized ROCE % for the quarter that ended in Jun. 2023 was 7.24%.

Griffin Mining ROCE % Historical Data

The historical data trend for Griffin Mining'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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Griffin Mining ROCE % Chart

Griffin Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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17.43

5.44

6.21

13.94

6.00

Griffin Mining Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															11.75	16.08	4.11	7.45	7.24

Griffin Mining ROCE % Calculation

Griffin Mining'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 )
	=	12.649	/	( ( (241.04 - 30.759)	+	(250.889 - 39.21) )	/ 2 )
	=	12.649	/	( (210.281	+	211.679)	/ 2 )
	=	12.649	/	210.98
	=	6.00 %

Griffin Mining'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 )
	=	15.36	/	( ( (250.889 - 39.21)	+	(240.096 - 27.372) )	/ 2 )
	=	15.36	/	( ( 211.679	+	212.724 )	/ 2 )
	=	15.36	/	212.2015
	=	7.24 %

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

Griffin Mining (LSE:GFM) 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.

Griffin Mining ROCE % Related Terms

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Griffin Mining (LSE:GFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Griffin Mining Ltd (LSE:GFM) » Definitions » ROCE %

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Traded in Other Exchanges

GG7:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

http://www.griffinmining.com

Griffin Mining Ltd is a mining and investment company. It is principally engaged in mining and exploration activities. The company is engaged in the Caijiaying zinc gold mine in the PRC.

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