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Jade Gas Holdings (ASX:JGH) ROCE % : -24.27% (As of Jun. 2024)


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What is Jade Gas Holdings 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. Jade Gas Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -24.27%.

Jade Gas Holdings ROCE % Historical Data

The historical data trend for Jade Gas Holdings'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.

* Premium members only.

Jade Gas Holdings ROCE % Chart

Jade Gas Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -1,067.12 -141.29 -37.35 -29.29

Jade Gas Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -43.04 -28.62 -29.30 -21.40 -24.27

Jade Gas Holdings ROCE % Calculation

Jade Gas Holdings'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 )
=-4.694/( ( (13.535 - 0.706) + (23.068 - 3.841) )/ 2 )
=-4.694/( (12.829+19.227)/ 2 )
=-4.694/16.028
=-29.29 %

Jade Gas Holdings'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 )
=-4.562/( ( (23.068 - 3.841) + (23.36 - 4.997) )/ 2 )
=-4.562/( ( 19.227 + 18.363 )/ 2 )
=-4.562/18.795
=-24.27 %

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

* 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.

Jade Gas Holdings  (ASX:JGH) 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.

Jade Gas Holdings ROCE % Related Terms

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Jade Gas Holdings Business Description

Industry
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Traded in Other Exchanges
N/A
Address
66 Rundle Street Kent Town, Level 1, Kent Town, SA, AUS, 5067
Website
https://www.jadegas.com.au
Jade Gas Holdings Ltd is a gas exploration company focused on the coal bed methane (CBM) potential of Mongolia exploration and appraisal activities. Its flagship project is the CBM gas project over the Production Sharing Agreement (PSA) area of Tavantolgoi XXXIII unconventional oil basin, (TT CBM Project).