Industrial Minerals (ASX:IND) ROCE % : -135.70% (As of Dec. 2024)

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What is Industrial 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. Industrial Minerals's annualized ROCE % for the quarter that ended in Dec. 2024 was -135.70%.

Industrial Minerals ROCE % Historical Data

The historical data trend for Industrial 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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Industrial Minerals ROCE % Chart

Industrial Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-1,090.48

-60.85

-44.01

-56.83

Industrial Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-57.49	-28.86	-42.01	-57.02	-135.70

Industrial Minerals ROCE % Calculation

Industrial Minerals'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 )
	=	-1.681	/	( ( (3.29 - 0.245)	+	(3.292 - 0.421) )	/ 2 )
	=	-1.681	/	( (3.045	+	2.871)	/ 2 )
	=	-1.681	/	2.958
	=	-56.83 %

Industrial Minerals'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 )
	=	-3.896	/	( ( (3.292 - 0.421)	+	(0 - 0) )	/ 1 )
	=	-3.896	/	( ( 2.871	+	0 )	/ 1 )
	=	-3.896	/	2.871
	=	-135.70 %

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

Industrial Minerals (ASX:IND) 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.

Industrial Minerals ROCE % Related Terms

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Industrial Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Stirling Highway, Peppermint Grove, Unit 20, Perth, WA, AUS, 6011

Website

https://www.industmin.com

Industrial Minerals Ltd is a company engaged in exploring and developing industrial minerals. Its projects include the Stockyard High Purity Silica Sand (HPSS) Project: The project is targeting high purity silica sand across predominantly cleared private land with no native title implications and has an Indicated and Inferred Mineral. Albany HPSS Project: The Albany HPSS Project is located in southwestern Western Australia. Pippingarra Quarry Project: The Pippingarra Project is prospective for High Purity Quartz (HPQ) and lithium and is located near some of the hardest rock lithium mines. Mukinbudin Quartz-Feldspar Project: Mukinbudin consists of a microcline feldspar deposit within a simple, zoned, feldspar-muscovite-quartz pegmatite, similar to IND's Pippingarra Quarry Project.

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