Everest Metals (ASX:EMC) ROCE % : -11.94% (As of Dec. 2024)

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What is Everest Metals 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. Everest Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -11.94%.

Everest Metals ROCE % Historical Data

The historical data trend for Everest Metals'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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Everest Metals ROCE % Chart

Everest Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-24.84

-49.69

-11.06

-18.64

-42.40

Everest Metals 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															-14.05	-41.95	-2.29	-71.05	-11.94

Everest Metals ROCE % Calculation

Everest Metals'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 )
	=	-3.398	/	( ( (9.717 - 0.527)	+	(10.811 - 3.973) )	/ 2 )
	=	-3.398	/	( (9.19	+	6.838)	/ 2 )
	=	-3.398	/	8.014
	=	-42.40 %

Everest Metals'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 )
	=	-1.228	/	( ( (10.811 - 3.973)	+	(14.561 - 0.827) )	/ 2 )
	=	-1.228	/	( ( 6.838	+	13.734 )	/ 2 )
	=	-1.228	/	10.286
	=	-11.94 %

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

Everest Metals (ASX:EMC) 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.

Everest Metals ROCE % Related Terms

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Everest Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Everest Metals Corp Ltd (ASX:EMC) » Definitions » ROCE %

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Address

256 Adelaide Terrace, Suite 4.02, Level 4, Perth, WA, AUS, 6000

Website

https://www.everestmetals.au

Everest Metals Corp Ltd is a company exploring economic deposits containing Cobalt in prospective areas within stable jurisdictions. Cobalt is a strategic mineral and an essential element used in batteries important for the growth of renewable energy in the world. The projects of the company include Revere; Mt Dimer; Rover; Yarbu and Mt Edon.