Enterprise Metals (ASX:ENT) ROCE % : -16.89% (As of Dec. 2024)

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What is Enterprise 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. Enterprise Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -16.89%.

Enterprise Metals ROCE % Historical Data

The historical data trend for Enterprise 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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Enterprise Metals ROCE % Chart

Enterprise Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-11.60

-22.11

-15.32

-37.72

-22.49

Enterprise 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															-20.57	-52.92	-20.15	-24.49	-16.89

Enterprise Metals ROCE % Calculation

Enterprise 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 )
	=	-1.242	/	( ( (6.083 - 0.33)	+	(5.957 - 0.667) )	/ 2 )
	=	-1.242	/	( (5.753	+	5.29)	/ 2 )
	=	-1.242	/	5.5215
	=	-22.49 %

Enterprise 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 )
	=	-0.958	/	( ( (5.957 - 0.667)	+	(6.253 - 0.198) )	/ 2 )
	=	-0.958	/	( ( 5.29	+	6.055 )	/ 2 )
	=	-0.958	/	5.6725
	=	-16.89 %

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

Enterprise Metals (ASX:ENT) 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.

Enterprise Metals ROCE % Related Terms

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Enterprise Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RM9:Germany

Address

7 Ventnor Ave, Suite 4, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.enterprisemetals.com.au

Enterprise Metals Ltd is an Australian-based company focused on the exploration of gold, copper, and nickel tenements in Western Australia. The company holds interests in granted tenements including Murchison (copper, zinc, gold, rare earths), Doolgunna (gold and copper), Fraser Range (nickel and copper), Eneabba East (titanium, copper, heavy minerals and rare earths), and Mandilla (gold, lithium).

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