Far Northern Resources (ASX:FNR) ROCE % : -19.86% (As of Jun. 2024)

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What is Far Northern 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. Far Northern Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -19.86%.

Far Northern Resources ROCE % Historical Data

The historical data trend for Far Northern 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.

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Far Northern Resources ROCE % Chart

Far Northern Resources Annual Data

Trend

Jun21

Jun22

Jun24

ROCE %

-19.04

-7.19

-19.86

Far Northern Resources Semi-Annual Data
	Jun21	Jun22	Jun24
ROCE %	-19.04	-7.19	-19.86

Far Northern Resources ROCE % Calculation

Far Northern Resources'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. 2022 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2022 )		(A: Jun. 2024 )
	=	-1.076	/	( ( (1.521 - 0)	+	(9.424 - 0.111) )	/ 2 )
	=	-1.076	/	( (1.521	+	9.313)	/ 2 )
	=	-1.076	/	5.417
	=	-19.86 %

Far Northern Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2022 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2022 )		(Q: Jun. 2024 )
	=	-1.076	/	( ( (1.521 - 0)	+	(9.424 - 0.111) )	/ 2 )
	=	-1.076	/	( ( 1.521	+	9.313 )	/ 2 )
	=	-1.076	/	5.417
	=	-19.86 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2024) EBIT data.

Far Northern Resources (ASX:FNR) 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 Northern Resources ROCE % Related Terms

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Far Northern Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Alfred Street, Unit D, Fortitude Valley, QLD, AUS, 4006

Website

https://www.farnorthernresources.com

Far Northern Resources Ltd is a Queensland-based, gold and base metals exploration company. It holds a majority interest in two resource licenses. Its activities over the last few years have been focused on the exploration of ML 20380, a mining lease held by Premier. Its projects include the Bridge Creek Project, Empire Project and Rocks Reef Project.

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