Graphene Manufacturing Group (TSXV:GMG) ROCE % : -104.08% (As of Dec. 2023)

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What is Graphene Manufacturing Group 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. Graphene Manufacturing Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -104.08%.

Graphene Manufacturing Group ROCE % Historical Data

The historical data trend for Graphene Manufacturing 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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Graphene Manufacturing Group ROCE % Chart

Graphene Manufacturing Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-122.53

-435.85

-177.55

-87.28

Graphene Manufacturing Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-63.80	-87.81	-50.62	-35.97	-104.08

Graphene Manufacturing Group ROCE % Calculation

Graphene Manufacturing 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 )
	=	-8.221	/	( ( (15.005 - 5.019)	+	(14.229 - 5.376) )	/ 2 )
	=	-8.221	/	( (9.986	+	8.853)	/ 2 )
	=	-8.221	/	9.4195
	=	-87.28 %

Graphene Manufacturing 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-10.228	/	( ( (14.874 - 3.999)	+	(11.977 - 3.198) )	/ 2 )
	=	-10.228	/	( ( 10.875	+	8.779 )	/ 2 )
	=	-10.228	/	9.827
	=	-104.08 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Graphene Manufacturing Group (TSXV:GMG) 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.

Graphene Manufacturing Group ROCE % Related Terms

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Graphene Manufacturing Group (TSXV:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Graphene Manufacturing Group Ltd (TSXV:GMG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMGMF:USA 0GF:Germany

Address

5/848 Boundary Road, Unit 5, Richlands, QLD, AUS, 4077

Website

https://www.graphenemg.com

Graphene Manufacturing Group Ltd is involved in the production of high-quality graphene used predominantly in paints, coolants, and lubricants targeting to improve energy efficiency and reduce costs, and additionally in next-generation battery technology. It is a clean-technology-focused company that aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.

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