Great Dirt Resources (ASX:GR8) ROCE % : -1.94% (As of Jun. 2023)

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What is Great Dirt 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 Dirt Resources's annualized ROCE % for the quarter that ended in Jun. 2023 was -1.94%.

Great Dirt Resources ROCE % Historical Data

The historical data trend for Great Dirt 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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Great Dirt Resources ROCE % Chart

Great Dirt Resources Annual Data

Trend

Jun23

ROCE %

-1.94

Great Dirt Resources Semi-Annual Data
	Jun23
ROCE %	-1.94

Great Dirt Resources ROCE % Calculation

Great Dirt 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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Great Dirt Resources's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: . 20 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: . 20 )		(Q: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (Jun. 2023) EBIT data.

Great Dirt Resources (ASX:GR8) 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 Dirt Resources ROCE % Related Terms

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Great Dirt Resources (ASX:GR8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Dirt Resources Ltd (ASX:GR8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 4, 216 St Georges Terrace, Perth, WA, AUS, 6000

Website

https://www.greatdirt.com.au

Great Dirt Resources Ltd is a company focused on the exploration of battery-grade manganese in the Barraba region of New South Wales, Australia.

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