Iltani Resources (ASX:ILT) ROCE % : -13.48% (As of Dec. 2023)

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What is Iltani 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. Iltani Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.48%.

Iltani Resources ROCE % Historical Data

The historical data trend for Iltani 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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Iltani Resources ROCE % Chart

Iltani Resources Annual Data

Trend

Jun23

Jun24

ROCE %

-32.91

-13.67

Iltani Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-3.06	-62.18	-13.48	-13.86

Iltani Resources ROCE % Calculation

Iltani Resources'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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Iltani 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 )
	=	-0.674	/	( ( (5.766 - 0.622)	+	(5.127 - 0.271) )	/ 2 )
	=	-0.674	/	( ( 5.144	+	4.856 )	/ 2 )
	=	-0.674	/	5
	=	-13.48 %

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

Iltani Resources (ASX:ILT) 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.

Iltani Resources ROCE % Related Terms

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Iltani Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o JM Corporate Services, 459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.iltaniresources.com.au

Iltani Resources Ltd is a minerals exploration and development company. Its projects include the Herberton Project, the Northern Base Metal Project, the Rookwood Project, the Mount Read Volcanics Project, and the Southern Gold Project. The company operates in one segment which is the evaluation and exploration of heavy rare earths and resources in Australia.

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