Far East Gold (ASX:FEG) ROCE % : -5.59% (As of Dec. 2023)

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What is Far East Gold 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. Far East Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.59%.

Far East Gold ROCE % Historical Data

The historical data trend for Far East Gold'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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Far East Gold ROCE % Chart

Far East Gold Annual Data

Trend

Jun22

Jun23

ROCE %

-10.70

-10.00

Far East Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-	-12.85	-6.63	-5.59

Far East Gold ROCE % Calculation

Far East Gold'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 )
	=	-2.687	/	( ( (25.389 - 0.259)	+	(30.971 - 2.336) )	/ 2 )
	=	-2.687	/	( (25.13	+	28.635)	/ 2 )
	=	-2.687	/	26.8825
	=	-10.00 %

Far East Gold'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 )
	=	-1.718	/	( ( (30.971 - 2.336)	+	(34.282 - 1.455) )	/ 2 )
	=	-1.718	/	( ( 28.635	+	32.827 )	/ 2 )
	=	-1.718	/	30.731
	=	-5.59 %

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

Far East Gold (ASX:FEG) 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.

Far East Gold ROCE % Related Terms

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Far East Gold (ASX:FEG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.fareast.gold

Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

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