Iris Metals (ASX:IR1) ROCE % : -11.44% (As of Sep. 2024)

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What is Iris Metals 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. Iris Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.44%.

Iris Metals ROCE % Historical Data

The historical data trend for Iris Metals'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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Iris Metals ROCE % Chart

Iris Metals Annual Data

Trend

Mar22

Mar23

ROCE %

-76.94

-150.42

Iris Metals Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-824.52	-17.83	-83.28	-39.43	-11.44

Iris Metals ROCE % Calculation

Iris Metals's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-12.127	/	( ( (4.406 - 0.199)	+	(12.743 - 0.826) )	/ 2 )
	=	-12.127	/	( (4.207	+	11.917)	/ 2 )
	=	-12.127	/	8.062
	=	-150.42 %

Iris Metals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-4.286	/	( ( (41.428 - 1.497)	+	(35.818 - 0.839) )	/ 2 )
	=	-4.286	/	( ( 39.931	+	34.979 )	/ 2 )
	=	-4.286	/	37.455
	=	-11.44 %

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

Iris Metals (ASX:IR1) 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.

Iris Metals ROCE % Related Terms

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Iris Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iris Metals Ltd (ASX:IR1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Claremont Street, Suite 205, South Yarra, VIC, AUS, 3141

Website

https://www.irismetals.com

Iris Metals Ltd is a minerals exploration company formed for the purposes of applying for and acquiring interests in minerals exploration tenements and tenement applications in Western Australia. It has two projects: the Kookynie and the Leonora Gold project and the Nickel project.

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