Dateline Resources (ASX:DTR) ROCE % : -175.29% (As of Dec. 2023)

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What is Dateline 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. Dateline Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -175.29%.

Dateline Resources ROCE % Historical Data

The historical data trend for Dateline 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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Dateline Resources ROCE % Chart

Dateline Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-10.72

-12.45

-17.59

-43.88

-36.59

Dateline Resources 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															-29.20	-65.72	-99.48	32.58	-175.29

Dateline Resources ROCE % Calculation

Dateline Resources'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 )
	=	-9.333	/	( ( (41.699 - 16.142)	+	(37.332 - 11.873) )	/ 2 )
	=	-9.333	/	( (25.557	+	25.459)	/ 2 )
	=	-9.333	/	25.508
	=	-36.59 %

Dateline Resources'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 )
	=	-27.58	/	( ( (37.332 - 11.873)	+	(10.619 - 4.61) )	/ 2 )
	=	-27.58	/	( ( 25.459	+	6.009 )	/ 2 )
	=	-27.58	/	15.734
	=	-175.29 %

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

Dateline Resources (ASX:DTR) 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.

Dateline Resources ROCE % Related Terms

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Dateline Resources (ASX:DTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dateline Resources Ltd (ASX:DTR) » Definitions » ROCE %

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DTREF:USA

Address

2 Chifley Square, Level 29, Sydney, NSW, AUS, 2000

Website

https://www.datelineresources.com.au

Dateline Resources Ltd is an Australian-based company focused on gold mining and exploration targets in Colorado located in the United States of America, the Republic of Fiji, and Australia. It derives maximum revenue from the USA. The company's projects include Colosseum Gold Mine; Gold Link; Udu Mine, Colosseum rare earths project and others.

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