Javelin Minerals (ASX:JAV) ROCE % : -13.43% (As of Dec. 2023)

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What is Javelin 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. Javelin Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.43%.

Javelin Minerals ROCE % Historical Data

The historical data trend for Javelin 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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Javelin Minerals ROCE % Chart

Javelin Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-201.63

-79.53

-22.66

-14.43

-7.92

Javelin Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-85.93	62.84	-8.75	-7.05	-13.43

Javelin Minerals ROCE % Calculation

Javelin Minerals'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: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.68	/	( ( (9.08 - 0.209)	+	(8.483 - 0.172) )	/ 2 )
	=	-0.68	/	( (8.871	+	8.311)	/ 2 )
	=	-0.68	/	8.591
	=	-7.92 %

Javelin Minerals'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 )
	=	-1.112	/	( ( (8.483 - 0.172)	+	(8.623 - 0.373) )	/ 2 )
	=	-1.112	/	( ( 8.311	+	8.25 )	/ 2 )
	=	-1.112	/	8.2805
	=	-13.43 %

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

Javelin Minerals (ASX:JAV) 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.

Javelin Minerals ROCE % Related Terms

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Javelin Minerals (ASX:JAV) Business Description

Industry

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

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Address

141 St Georges Terrace, Level 14, Westralia Square, Perth, WA, AUS, 6000

Website

https://www.javelinminerals.com.au

Javelin Minerals Ltd formerly Victory Mines Ltd is engaged in the mineral exploration company. Its projects are Bonaparte; Coogee Gold; Malamute and Husky; Copper Mountain and Galah Well and Peperill Hill Projects. The company's operating segment includes Mineral exploration and development in Western Australia and New South Wales. Geographically, it operates only in Australia.

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