Genesis Resources (ASX:GES) ROCE % : -20.12% (As of Dec. 2024)

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What is Genesis 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. Genesis Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -20.12%.

Genesis Resources ROCE % Historical Data

The historical data trend for Genesis 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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Genesis Resources ROCE % Chart

Genesis Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-6.70

-12.04

-11.28

-13.77

-18.32

Genesis Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-10.95	-16.89	-18.39	-18.38	-20.12

Genesis Resources ROCE % Calculation

Genesis 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. 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 )
	=	-1.067	/	( ( (22.662 - 15.766)	+	(23.305 - 18.553) )	/ 2 )
	=	-1.067	/	( (6.896	+	4.752)	/ 2 )
	=	-1.067	/	5.824
	=	-18.32 %

Genesis Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-0.868	/	( ( (23.305 - 18.553)	+	(23.581 - 19.704) )	/ 2 )
	=	-0.868	/	( ( 4.752	+	3.877 )	/ 2 )
	=	-0.868	/	4.3145
	=	-20.12 %

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

Genesis Resources (ASX:GES) 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.

Genesis Resources ROCE % Related Terms

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Genesis Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

525 Collins Street, Level 23, Rialto South Tower, Melbourne, VIC, AUS, 3000

Website

https://www.genesisresourcesltd.com.au

Genesis Resources Ltd is engaged in mining and exploration. It is engaged in the exploration for and evaluation of gold, manganese, and base metals. The projects of the company include the Alice Springs Cu-Au and Arltunga Au projects, the Plavica, Pioneer, and the McArthur River projects. Its reportable segments are; Australia, Macedonia, and the Head office. The Australia segment includes its copper, iron, gold, manganese, and other base metal exploration projects in the Northern Territory and Queensland. The Macedonia segment includes a base metal and gold exploration project, and the Head Office segment represents the central administration of Australia and Macedonia.