Chesser Resources (Chesser Resources) ROCE % : -15.56% (As of Dec. 2022)

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What is Chesser 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. Chesser Resources's annualized ROCE % for the quarter that ended in Dec. 2022 was -15.56%.

Chesser Resources ROCE % Historical Data

The historical data trend for Chesser 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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Chesser Resources ROCE % Chart

Chesser Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-36.82

-17.56

-20.12

-13.55

-16.45

Chesser Resources 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															-16.87	-16.32	-14.41	-15.56	-17.75

Chesser Resources ROCE % Calculation

Chesser 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 )
	=	-2.526	/	( ( (15.943 - 0.43)	+	(23.118 - 1.337) )	/ 2 )
	=	-2.526	/	( (15.513	+	21.781)	/ 2 )
	=	-2.526	/	18.647
	=	-13.55 %

Chesser 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 )
	=	-3.226	/	( ( (23.118 - 1.337)	+	(20.278 - 0.591) )	/ 2 )
	=	-3.226	/	( ( 21.781	+	19.687 )	/ 2 )
	=	-3.226	/	20.734
	=	-15.56 %

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

Chesser Resources (OTCPK:CESSF) 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.

Chesser Resources ROCE % Related Terms

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Chesser Resources (Chesser Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chesser Resources Ltd (OTCPK:CESSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Unit 12, Subiaco, Perth, WA, AUS, 6008

Website

https://www.chesserresources.com.au

Chesser Resources Ltd Is a mining and exploration company operating in Australia. The flagship project of the company includes the Diamba Sud project. Its operating segments includes Diamba Sud; Diamba Nord and Corporate. Geographically, it operates in Senegal and Australia.

Chesser Resources (Chesser Resources) Headlines

From GuruFocus

Drilling Returns Wide High-grade Gold Extensions at Diamba Sud

By PRNewswire PRNewswire • 06-17-2020

Chesser Extends High-Grade Discovery at Diamba Sud with Widespread Intersections

By PRNewswire PRNewswire • 11-24-2020