Flynn Gold (ASX:FG1) ROCE % : -236.04% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Flynn 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. Flynn Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -236.04%.

Flynn Gold ROCE % Historical Data

The historical data trend for Flynn 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.

* Premium members only.

Flynn Gold ROCE % Chart

Flynn Gold Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-53.00

-55.37

-132.45

Flynn Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-52.20	-66.61	-139.81	-148.69	-236.04

Flynn Gold ROCE % Calculation

Flynn 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 )
	=	-5.555	/	( ( (5.644 - 0.698)	+	(4.198 - 0.756) )	/ 2 )
	=	-5.555	/	( (4.946	+	3.442)	/ 2 )
	=	-5.555	/	4.194
	=	-132.45 %

Flynn 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 )
	=	-5.488	/	( ( (4.198 - 0.756)	+	(2.046 - 0.838) )	/ 2 )
	=	-5.488	/	( ( 3.442	+	1.208 )	/ 2 )
	=	-5.488	/	2.325
	=	-236.04 %

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

Flynn Gold (ASX:FG1) 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.

Flynn Gold ROCE % Related Terms

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

Flynn Gold (ASX:FG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flynn Gold Ltd (ASX:FG1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.flynngold.com.au

Flynn Gold Ltd is a mineral exploration company targeting gold. The company has the Mt Dove project (Hemi South) and Shay Gap project in Western Australia, the Golden Ridge project, and the Portland project in Tasmania. The company operates in one segment, being an explorer of Gold.

Flynn Gold (ASX:FG1) Headlines

No Headlines