Image Resources NL (ASX:IMA) ROCE % : -7.02% (As of Jun. 2024)

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What is Image Resources NL 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. Image Resources NL's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.02%.

Image Resources NL ROCE % Historical Data

The historical data trend for Image Resources NL'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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Image Resources NL ROCE % Chart

Image Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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34.33

32.46

20.37

15.74

-0.83

Image Resources NL 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															35.34	-2.67	9.93	-11.72	-7.02

Image Resources NL ROCE % Calculation

Image Resources NL's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.301	/	( ( (201.079 - 42.377)	+	(165.665 - 9.147) )	/ 2 )
	=	-1.301	/	( (158.702	+	156.518)	/ 2 )
	=	-1.301	/	157.61
	=	-0.83 %

Image Resources NL's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-10.928	/	( ( (165.665 - 9.147)	+	(159.04 - 4.107) )	/ 2 )
	=	-10.928	/	( ( 156.518	+	154.933 )	/ 2 )
	=	-10.928	/	155.7255
	=	-7.02 %

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

Image Resources NL (ASX:IMA) 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.

Image Resources NL ROCE % Related Terms

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Image Resources NL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Image Resources NL (ASX:IMA) » Definitions » ROCE %

Comparable Companies

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I5R:Germany

Address

Level 2, 7 Ventnor Avenue, West Perth, Perth, WA, AUS, 6005

Website

http://www.imageres.com.au

Image Resources NL is a mineral sand producer. It is focused on the development of its high-grade Boonanarring Project in the North Perth Basin. The company's projects are Exploration Projects, Boonanarring, and Atlas Development Project. It operates in only one segment, minerals sands production and exploration. The Group's revenue is derived from sources and assets located within Australia.

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