ChemX Materials (ASX:CMX) ROCE % : -50.84% (As of Dec. 2023)

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What is ChemX Materials 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. ChemX Materials's annualized ROCE % for the quarter that ended in Dec. 2023 was -50.84%.

ChemX Materials ROCE % Historical Data

The historical data trend for ChemX Materials'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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ChemX Materials ROCE % Chart

ChemX Materials Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-21.65

-47.84

-62.22

ChemX Materials Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-50.85	-42.36	-50.84	-75.79

ChemX Materials ROCE % Calculation

ChemX Materials's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-3.717	/	( ( (7.997 - 0.829)	+	(7.702 - 2.922) )	/ 2 )
	=	-3.717	/	( (7.168	+	4.78)	/ 2 )
	=	-3.717	/	5.974
	=	-62.22 %

ChemX Materials'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 )
	=	-3.348	/	( ( (7.997 - 0.829)	+	(7.993 - 1.99) )	/ 2 )
	=	-3.348	/	( ( 7.168	+	6.003 )	/ 2 )
	=	-3.348	/	6.5855
	=	-50.84 %

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

ChemX Materials (ASX:CMX) 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.

ChemX Materials ROCE % Related Terms

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ChemX Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ChemX Materials Ltd (ASX:CMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Flindell Street, O'Connor, WA, AUS, 6163

Website

https://www.chemxmaterials.com.au

ChemX Materials Ltd is an advanced materials technology company. It has developed a process to produce High Purity Alumina a critical input for battery technology. Its other project include Eyre Peninsula Projects. It has one reportable segment which is mining exploration and the development of its propriety High Purity Alumina technology within Australia.

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