Elementos (Elementos) ROCE % : -8.81% (As of Dec. 2023)

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What is Elementos 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. Elementos's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.81%.

Elementos ROCE % Historical Data

The historical data trend for Elementos'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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Elementos ROCE % Chart

Elementos Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-31.74

-21.88

-13.69

-12.39

-10.36

Elementos 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															-15.01	-11.33	-10.77	-10.85	-8.81

Elementos ROCE % Calculation

Elementos'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 )
	=	-1.491	/	( ( (14.678 - 0.604)	+	(15.411 - 0.704) )	/ 2 )
	=	-1.491	/	( (14.074	+	14.707)	/ 2 )
	=	-1.491	/	14.3905
	=	-10.36 %

Elementos'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 )
	=	-1.266	/	( ( (15.411 - 0.704)	+	(14.44 - 0.391) )	/ 2 )
	=	-1.266	/	( ( 14.707	+	14.049 )	/ 2 )
	=	-1.266	/	14.378
	=	-8.81 %

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

Elementos (OTCPK:ELTLF) 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.

Elementos ROCE % Related Terms

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Elementos (Elementos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elementos Ltd (OTCPK:ELTLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9EM:Germany ELT:Australia

Address

167 Eagle Street, Level 7, Brisbane, QLD, AUS, 4000

Website

https://www.elementos.com.au

Elementos Ltd is engaged in the exploration and development of tin mining projects in Australia. The projects of the company include the Cleveland project in Tasmania, and the Oropesa tin project in Andalucia, Spain. Geographically, it operates within two segments which are Australia and Spain.

Elementos (Elementos) Headlines

From GuruFocus

Elementos Ltd at Noosa Mining Investor Conference (Virtual) Transcript

By GuruFocus Research • 02-13-2024