Helix Resources (ASX:HLX) ROCE % : -6.78% (As of Dec. 2023)

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What is Helix 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. Helix Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.78%.

Helix Resources ROCE % Historical Data

The historical data trend for Helix 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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Helix Resources ROCE % Chart

Helix Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-6.88

-6.06

-8.69

-32.68

-5.58

Helix Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-11.25	-5.74	-59.53	-6.78	-4.80

Helix Resources ROCE % Calculation

Helix 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 )
	=	-1.163	/	( ( (20.762 - 0.598)	+	(21.877 - 0.391) )	/ 2 )
	=	-1.163	/	( (20.164	+	21.486)	/ 2 )
	=	-1.163	/	20.825
	=	-5.58 %

Helix 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 )
	=	-1.344	/	( ( (20.762 - 0.598)	+	(20.036 - 0.528) )	/ 2 )
	=	-1.344	/	( ( 20.164	+	19.508 )	/ 2 )
	=	-1.344	/	19.836
	=	-6.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Helix Resources (ASX:HLX) 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.

Helix Resources ROCE % Related Terms

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Helix Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Street Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.helixresources.com.au

Helix Resources Ltd is a minerals exploration company engaged in copper, gold, iron ore and other base metal mineral exploration in Australia (New South Wales) and Chile. Its projects include Collerina Project, Rochford Copper Trend Project, Canbelego JV - NSW, Cobar Gold, Reserves and Resources. The company generates maximum revenue from Australia.