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Great Boulder Resources (ASX:GBR) ROCE % : -9.39% (As of Dec. 2023)


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What is Great Boulder 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. Great Boulder Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.39%.

Great Boulder Resources ROCE % Historical Data

The historical data trend for Great Boulder 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.

* Premium members only.

Great Boulder Resources ROCE % Chart

Great Boulder Resources Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROCE %
Get a 7-Day Free Trial -36.54 -6.47 -15.45 -12.77 -59.96

Great Boulder Resources Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.71 -12.43 -14.38 -9.39 -101.82

Great Boulder Resources ROCE % Calculation

Great Boulder Resources'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 )
=-3.56/( ( (26.276 - 0.424) + (31.284 - 1.391) )/ 2 )
=-3.56/( (25.852+29.893)/ 2 )
=-3.56/27.8725
=-12.77 %

Great Boulder Resources'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 )
=-2.962/( ( (31.284 - 1.391) + (33.956 - 0.728) )/ 2 )
=-2.962/( ( 29.893 + 33.228 )/ 2 )
=-2.962/31.5605
=-9.39 %

(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.

Great Boulder Resources  (ASX:GBR) 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.

Great Boulder Resources ROCE % Related Terms

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Great Boulder Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Boulder Resources Ltd (ASX:GBR) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
Level 1, 51 Colin Street, West Perth, Perth, WA, AUS, 6005
Website
https://www.greatboulder.com.au
Great Boulder Resources Ltd is a new mineral exploration company, with a primary focus on exploration, discovery and delineation of nickel-copper-cobalt and gold resources within the Eastern Goldfields Region of Western Australia. It holds interest in various projects such as Sidewall, Wellington and Whiteheads. The company operates as a single segment which is Mineral Exploration and in a single geographical location which is Australia.