Havilah Resources (ASX:HAV) ROCE % : 5.61% (As of Jan. 2024)

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What is Havilah 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. Havilah Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was 5.61%.

Havilah Resources ROCE % Historical Data

The historical data trend for Havilah 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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Havilah Resources ROCE % Chart

Havilah Resources Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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-11.58

-5.55

-6.74

6.59

11.36

Havilah Resources Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
ROCE %	Get a 7-Day Free Trial															-7.36	6.35	6.85	5.61	17.13

Havilah Resources ROCE % Calculation

Havilah Resources's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	5.595	/	( ( (47.949 - 1.548)	+	(53.616 - 1.527) )	/ 2 )
	=	5.595	/	( (46.401	+	52.089)	/ 2 )
	=	5.595	/	49.245
	=	11.36 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	2.64	/	( ( (47.949 - 1.548)	+	(49.153 - 1.39) )	/ 2 )
	=	2.64	/	( ( 46.401	+	47.763 )	/ 2 )
	=	2.64	/	47.082
	=	5.61 %

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

Havilah Resources (ASX:HAV) 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.

Havilah Resources ROCE % Related Terms

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Havilah Resources Business Description

Industry

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

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Address

107 Rundle Street, Kent Town, SA, AUS, 5067

Website

https://www.havilah-resources.com.au

Havilah Resources Ltd is a mineral exploration and development company. The company explores Gold, copper, cobalt, and other base metals. It is engaged in exploring its projects in South Australia. The company holds interests in the Kalkaroo copper-gold-molybdenum project, Mutooroo copper-cobalt-gold project, Maldorky iron ore project, Grants iron ore project, and Prospect Hill tin project. Kalkaroo is undeveloped open pit copper deposit in Australia on a CuEq Ore Reserve basis. The Mutooroo is a lode-style massive sulphide copper-cobalt deposit located about 60 km southwest of Broken Hill. The Grants iron ore project lies 8 km south of the Barrier Highway and the Transcontinental Railway, and one hour drive southwest of Broken Hill.

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