Jubilee Metals Group (LSE:JLP) ROCE %

: 7.17% (As of Dec. 2023)

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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. Jubilee Metals Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.17%.

Jubilee Metals Group ROCE % Historical Data

The historical data trend for Jubilee Metals Group'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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Jubilee Metals Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

11.28

15.29

32.93

14.52

7.72

Jubilee Metals Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																11.37	16.64	5.15	10.33	7.17

Jubilee Metals Group ROCE % Calculation

Jubilee Metals Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	17.446	/	( ( (293.621 - 63.752)	+	(300.138 - 77.863) )	/ 2 )
	=	17.446	/	( (229.869	+	222.275)	/ 2 )
	=	17.446	/	226.072
	=	7.72 %

Jubilee Metals Group'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 )
	=	15.002	/	( ( (300.138 - 77.863)	+	(278.187 - 81.955) )	/ 2 )
	=	15.002	/	( ( 222.275	+	196.232 )	/ 2 )
	=	15.002	/	209.2535
	=	7.17 %

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

Jubilee Metals Group (LSE:JLP) 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.

Jubilee Metals Group ROCE % Related Terms

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Jubilee Metals Group (LSE:JLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Metals Group PLC (LSE:JLP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JBL:South Africa JUBPF:USA JI5:Germany

Address

7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG

Website

https://www.jubileemetalsgroup.com

Jubilee Metals Group PLC is a platinum-focused mining and exploration company. The Company's operations include PGM and Chrome, engaged in the processing of PGM and chromium-containing materials; Copper and Cobalt are involved in the processing of materials containing copper and cobalt; Others include administrative and corporate expenses. It has operations in six countries namely South Africa, Australia, Madagascar, Mauritius, Zambia, and the United Kingdom.

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