E79 Gold Mines (ASX:E79) ROCE % : -57.92% (As of Dec. 2023)

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What is E79 Gold Mines 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. E79 Gold Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -57.92%.

E79 Gold Mines ROCE % Historical Data

The historical data trend for E79 Gold Mines'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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E79 Gold Mines ROCE % Chart

E79 Gold Mines Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-23.32

-47.26

-42.89

E79 Gold Mines Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-24.19	-43.98	-53.73	-57.92	-31.43

E79 Gold Mines ROCE % Calculation

E79 Gold Mines'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 )
	=	-4.183	/	( ( (10.456 - 0.378)	+	(8.409 - 0.784) )	/ 2 )
	=	-4.183	/	( (10.078	+	7.625)	/ 2 )
	=	-4.183	/	8.8515
	=	-47.26 %

E79 Gold Mines'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 )
	=	-3.898	/	( ( (8.409 - 0.784)	+	(6.341 - 0.505) )	/ 2 )
	=	-3.898	/	( ( 7.625	+	5.836 )	/ 2 )
	=	-3.898	/	6.7305
	=	-57.92 %

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

E79 Gold Mines (ASX:E79) 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.

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E79 Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E79 Gold Mines Ltd (ASX:E79) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Stirling Highway, First Floor, Nedlands, WA, AUS, 6009

Website

https://www.e79gold.com.au

E79 Gold Mines Ltd is a gold exploration company. It holds the Laverton South and Murchison Projects in Western Australia, and the Mountain Home Project is in the Northern Territory. The company generates revenue from Interest and Other income.

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