Duketon Mining (ASX:DKM) ROCE % : -3.21% (As of Dec. 2024)

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What is Duketon Mining 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. Duketon Mining's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.21%.

Duketon Mining ROCE % Historical Data

The historical data trend for Duketon Mining'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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Duketon Mining ROCE % Chart

Duketon Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-17.98

-8.97

-49.34

-22.00

-25.00

Duketon Mining Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-7.10	-35.52	-28.45	-21.81	-3.21

Duketon Mining ROCE % Calculation

Duketon Mining'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 )
	=	-3.476	/	( ( (16.478 - 0.854)	+	(12.552 - 0.367) )	/ 2 )
	=	-3.476	/	( (15.624	+	12.185)	/ 2 )
	=	-3.476	/	13.9045
	=	-25.00 %

Duketon Mining's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-0.388	/	( ( (12.552 - 0.367)	+	(12.358 - 0.341) )	/ 2 )
	=	-0.388	/	( ( 12.185	+	12.017 )	/ 2 )
	=	-0.388	/	12.101
	=	-3.21 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Duketon Mining (ASX:DKM) 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.

Duketon Mining ROCE % Related Terms

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Duketon Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Duketon Mining Ltd (ASX:DKM) » Definitions » ROCE %

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Address

25 Richardson Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://duketonmining.com.au

Duketon Mining Ltd is a mineral exploration company. The company is engaged in the exploration and evaluation of mineral resources. Its projects include the Duketon Project comprising C2, Somerset, and Rosie deposits, and the Barlee, Stephens, Rosie, and Doris projects. The company operates in one segment, the mining exploration sector in Australia.

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