Heavy Minerals (ASX:HVY) ROCE % : -35.02% (As of Dec. 2023)

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What is Heavy Minerals 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. Heavy Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.02%.

Heavy Minerals ROCE % Historical Data

The historical data trend for Heavy Minerals'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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Heavy Minerals ROCE % Chart

Heavy Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-23.65

-30.01

Heavy Minerals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-22.36	-19.57	-24.46	-36.71	-35.02

Heavy Minerals ROCE % Calculation

Heavy Minerals'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: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.172	/	( ( (4.475 - 0.129)	+	(3.54 - 0.076) )	/ 2 )
	=	-1.172	/	( (4.346	+	3.464)	/ 2 )
	=	-1.172	/	3.905
	=	-30.01 %

Heavy Minerals'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 )
	=	-1.304	/	( ( (3.54 - 0.076)	+	(4.308 - 0.324) )	/ 2 )
	=	-1.304	/	( ( 3.464	+	3.984 )	/ 2 )
	=	-1.304	/	3.724
	=	-35.02 %

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

Heavy Minerals (ASX:HVY) 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.

Heavy Minerals ROCE % Related Terms

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Heavy Minerals (ASX:HVY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Minerals Ltd (ASX:HVY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 Saint Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.heavyminerals.com

Heavy Minerals Ltd is a mineral exploration and development company. It holds the right to acquire the Port Gregory Tenements, comprising five granted exploration licenses; and has applied for a mining concession at the Inhambane Project, comprising one mining concession license application. The firm operates in one business segment being the exploration for minerals with entities based in three geographic segments, being Australia, Mauritius and Mozambique.

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