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

Grange Resources (ASX:GRR) ROCE % : 20.72% (As of Dec. 2023)


View and export this data going back to 1986. Start your Free Trial

What is Grange 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. Grange Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.72%.

Grange Resources ROCE % Historical Data

The historical data trend for Grange 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.

Grange Resources ROCE % Chart

Grange Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.72 33.15 52.76 25.58 20.18

Grange Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.88 40.31 11.77 19.89 20.72

Grange Resources ROCE % Calculation

Grange Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=219.056/( ( (1098.219 - 94.014) + (1244.145 - 77.382) )/ 2 )
=219.056/( (1004.205+1166.763)/ 2 )
=219.056/1085.484
=20.18 %

Grange 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 )
=231.78/( ( (1130.836 - 60.075) + (1244.145 - 77.382) )/ 2 )
=231.78/( ( 1070.761 + 1166.763 )/ 2 )
=231.78/1118.762
=20.72 %

(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.

Grange Resources  (ASX:GRR) 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.

Grange Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Grange Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Grange Resources (ASX:GRR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grange Resources Ltd (ASX:GRR) » Definitions » ROCE %
Comparable Companies
ASX:MEI ASX:CHN ASX:MAU ASX:IPX ASX:ARU ASX:RHI ASX:SYR ASX:MLX ASX:MAH ASX:INR ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
GRRLF:USA GRR:Germany
Address
34A Alexander Street, Burnie, TAS, AUS, 7320
Website
https://www.grangeresources.com.au
Grange Resources Ltd is engaged in the exploration, evaluation, and development of mineral resources and iron ore mining operations. Its projects include the Southdown Magnetite and associated Pellet Plant Projects. The Group has two reportable segments: Exploration, evaluation, and development of mineral resources and iron ore mining operations; and Development and construction of housing units.