Infini Resources (ASX:I88) ROCE % : -26.52% (As of Dec. 2024)

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What is Infini 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. Infini Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -26.52%.

Infini Resources ROCE % Historical Data

The historical data trend for Infini 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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Infini Resources ROCE % Chart

Infini Resources Annual Data

Trend

Jun23

Jun24

ROCE %

-1.75

-18.66

Infini Resources Semi-Annual Data
	Jun23	Dec23	Jun24	Dec24
ROCE %	-	-14.95	-21.60	-26.52

Infini Resources ROCE % Calculation

Infini 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 )
	=	-1.524	/	( ( (9.022 - 0.093)	+	(8.267 - 0.864) )	/ 2 )
	=	-1.524	/	( (8.929	+	7.403)	/ 2 )
	=	-1.524	/	8.166
	=	-18.66 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-2.338	/	( ( (8.267 - 0.864)	+	(10.421 - 0.189) )	/ 2 )
	=	-2.338	/	( ( 7.403	+	10.232 )	/ 2 )
	=	-2.338	/	8.8175
	=	-26.52 %

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

Infini Resources (ASX:I88) 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.

Infini Resources ROCE % Related Terms

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Infini Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infini Resources Ltd (ASX:I88) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 St Georges Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.infiniresources.com.au

Infini Resources Ltd is a company focused on identification of geological opportunities and exploration for Lithium, Uranium and various other minerals. The company has eight projects in Canada and Australia. The Projects of the company involve Paterson lake Project, Pegasus Project, Valor Project, Parna Project, Des Herbiers Project, Portland Creek Project, Tinco Project and Yeelirrie North Project.

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