Exore Resources (ASX:ERX) ROCE % : -47.93% (As of Dec. 2019)

View and export this data going back to 1986. Start your Free Trial

What is Exore 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. Exore Resources's annualized ROCE % for the quarter that ended in Dec. 2019 was -47.93%.

Exore Resources ROCE % Historical Data

The historical data trend for Exore 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.

* Premium members only.

Exore Resources ROCE % Chart

Exore Resources Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

ROCE %

Get a 7-Day Free Trial

-8.96

-17.97

-35.91

-21.21

-55.67

Exore Resources Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
ROCE %	Get a 7-Day Free Trial															-25.38	-16.72	-23.14	-78.01	-47.93

Exore Resources ROCE % Calculation

Exore Resources's annualized ROCE % for the fiscal year that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2019 )		(A: Jun. 2018 )		(A: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2019 )		(A: Jun. 2018 )		(A: Jun. 2019 )
	=	-7.862	/	( ( (16.18 - 0.293)	+	(13.987 - 1.628) )	/ 2 )
	=	-7.862	/	( (15.887	+	12.359)	/ 2 )
	=	-7.862	/	14.123
	=	-55.67 %

Exore Resources's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	-7.584	/	( ( (13.987 - 1.628)	+	(19.824 - 0.54) )	/ 2 )
	=	-7.584	/	( ( 12.359	+	19.284 )	/ 2 )
	=	-7.584	/	15.8215
	=	-47.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2019) EBIT data.

Exore Resources (ASX:ERX) 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.

Exore Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Exore Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Exore Resources (ASX:ERX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.exoreresources.com.au

Exore Resources Ltd is a mineral exploration and project development company. The company explores lithium carbonate/lithium hydroxide supplier to the burgeoning lithium-ion battery production market in Europe.

Exore Resources (ASX:ERX) Headlines

From GuruFocus

Direxion Announces Reverse Splits of Three ETFs

By PRNewswire PRNewswire • 03-11-2020

X-Square Capital, LLC Buys Direxion Daily Energy Bull 2X Shares, Texas Pacific Land Corp, Laredo Petroleum Inc, Sells OFG Bancorp, First BanCorp, Popular Inc

By GuruFocus Research GuruFocus Editor • 08-18-2021