Evolution Energy Minerals (ASX:EV1) ROCE % : -164.30% (As of Dec. 2023)

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What is Evolution Energy Minerals 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. Evolution Energy Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -164.30%.

Evolution Energy Minerals ROCE % Historical Data

The historical data trend for Evolution Energy Minerals'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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Evolution Energy Minerals ROCE % Chart

Evolution Energy Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-75.97

-139.38

Evolution Energy Minerals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-46.10	-69.75	-136.80	-84.89	-164.30

Evolution Energy Minerals ROCE % Calculation

Evolution Energy Minerals'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 )
	=	-13.553	/	( ( (10.821 - 0.461)	+	(10.181 - 1.094) )	/ 2 )
	=	-13.553	/	( (10.36	+	9.087)	/ 2 )
	=	-13.553	/	9.7235
	=	-139.38 %

Evolution Energy Minerals'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 )
	=	-12.85	/	( ( (10.181 - 1.094)	+	(7.21 - 0.655) )	/ 2 )
	=	-12.85	/	( ( 9.087	+	6.555 )	/ 2 )
	=	-12.85	/	7.821
	=	-164.30 %

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

Evolution Energy Minerals (ASX:EV1) 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.

Evolution Energy Minerals ROCE % Related Terms

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Evolution Energy Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evolution Energy Minerals Ltd (ASX:EV1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

P77:Germany

Address

1202 Hay Street, Level 1, Emerald House, West Perth, Perth, WA, AUS, 6005

Website

https://www.evolutionenergyminerals.com.au

Evolution Energy Minerals Ltd provides exploration and mining services. It explores sustainable graphite products for the global green economy. It also holds an interest Chilalo Graphite Project.

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