Fitzroy River (ASX:FZR) ROCE % : -3.79% (As of Jun. 2024)

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What is Fitzroy River 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. Fitzroy River's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.79%.

Fitzroy River ROCE % Historical Data

The historical data trend for Fitzroy River'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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Fitzroy River ROCE % Chart

Fitzroy River Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-48.37

5.77

8.67

5.38

-0.99

Fitzroy River Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															12.51	10.20	0.10	1.88	-3.79

Fitzroy River ROCE % Calculation

Fitzroy River'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. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.057	/	( ( (5.991 - 0.112)	+	(5.727 - 0.063) )	/ 2 )
	=	-0.057	/	( (5.879	+	5.664)	/ 2 )
	=	-0.057	/	5.7715
	=	-0.99 %

Fitzroy River'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-0.226	/	( ( (6.326 - 0.06)	+	(5.727 - 0.063) )	/ 2 )
	=	-0.226	/	( ( 6.266	+	5.664 )	/ 2 )
	=	-0.226	/	5.965
	=	-3.79 %

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

Fitzroy River (ASX:FZR) 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.

Fitzroy River ROCE % Related Terms

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Fitzroy River Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fitzroy River Corp Ltd (ASX:FZR) » Definitions » ROCE %

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Address

79 Careniup Avenue, Gwelup, Perth, WA, AUS, 6018

Website

https://www.fitzroyriver.net.au

Fitzroy River Corp Ltd is an oil and gas and mineral investment holding company focusing on non-operational assets such as royalties, free carried interests, and equity investments. Its primary focus is on Western Australia, specifically, the Canning Superbasin where the company holds royalty interests. Revenue is realized in the form of royalty income and interest. The company has one operating segment: the management of resources-based royalties and investments. The company derives its revenue within Australia.

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