Iceni Gold (ASX:ICL) ROCE % : -11.80% (As of Dec. 2024)

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What is Iceni Gold 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. Iceni Gold's annualized ROCE % for the quarter that ended in Dec. 2024 was -11.80%.

Iceni Gold ROCE % Historical Data

The historical data trend for Iceni Gold'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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Iceni Gold ROCE % Chart

Iceni Gold Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-9.69

-4.92

-5.00

-0.74

Iceni Gold Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				-4.98	-5.05	-3.71	2.03	-11.80

Iceni Gold ROCE % Calculation

Iceni Gold'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 )
	=	-0.191	/	( ( (25.115 - 1.059)	+	(28.315 - 0.716) )	/ 2 )
	=	-0.191	/	( (24.056	+	27.599)	/ 2 )
	=	-0.191	/	25.8275
	=	-0.74 %

Iceni Gold'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 )
	=	-3.356	/	( ( (28.315 - 0.716)	+	(29.774 - 0.474) )	/ 2 )
	=	-3.356	/	( ( 27.599	+	29.3 )	/ 2 )
	=	-3.356	/	28.4495
	=	-11.80 %

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

Iceni Gold (ASX:ICL) 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.

Iceni Gold ROCE % Related Terms

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Iceni Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iceni Gold Ltd (ASX:ICL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

41-43 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.icenigold.com.au

Iceni Gold Ltd is an exploration company that is focused on the 14 Mile Well Project area in the Laverton Greenstone Belt. Its projects include Claypan Target Area, Deep Well Target Area, North 1 Target Area, Danjo NE Target Area, Everleigh Well Target Area, Guyer Well Target Area. It has one operating segment: the exploration and evaluation of gold.