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Felix Gold (ASX:FXG) ROCE % : -6.30% (As of Dec. 2023)


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What is Felix 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. Felix Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.30%.

Felix Gold ROCE % Historical Data

The historical data trend for Felix 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.

Felix Gold ROCE % Chart

Felix Gold Annual Data
Trend Jun22 Jun23 Jun24
ROCE %
-12.11 -12.18 -8.11

Felix Gold Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % - -8.57 -16.44 -6.30 -10.30

Felix Gold ROCE % Calculation

Felix 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 )
=-2.224/( ( (18.542 - 0.743) + (18.84 - 0.134) )/ 2 )
=-2.224/( (17.799+18.706)/ 2 )
=-2.224/18.2525
=-12.18 %

Felix 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 )
=-1.164/( ( (18.84 - 0.134) + (18.783 - 0.539) )/ 2 )
=-1.164/( ( 18.706 + 18.244 )/ 2 )
=-1.164/18.475
=-6.30 %

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

* 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.

Felix Gold  (ASX:FXG) 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.

Felix Gold ROCE % Related Terms

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Felix Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Felix Gold Ltd (ASX:FXG) » Definitions » ROCE %
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Traded in Other Exchanges
FXGDF:USA
Address
371 Queen Street, Level 1, Brisbane, QLD, AUS, 4000
Website
https://www.felixgold.com.au
Felix Gold Ltd is engaged in the business of gold exploration. The company has secured four major projects within the Fairbanks Gold District of the Tintina Gold Province: Treasure Creek, NE Fairbanks, Grant-Ester, and Liberty Bell.