Matsa Resources (ASX:MAT) ROCE % : -12.90% (As of Dec. 2024)

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What is Matsa Resources 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. Matsa Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -12.90%.

Matsa Resources ROCE % Historical Data

The historical data trend for Matsa Resources'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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Matsa Resources ROCE % Chart

Matsa Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-21.58

-39.24

-17.56

4.11

-23.87

Matsa Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															29.43	-18.83	-30.10	-17.63	-12.90

Matsa Resources ROCE % Calculation

Matsa Resources'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 )
	=	-4.551	/	( ( (23.235 - 5.071)	+	(23.276 - 3.316) )	/ 2 )
	=	-4.551	/	( (18.164	+	19.96)	/ 2 )
	=	-4.551	/	19.062
	=	-23.87 %

Matsa Resources'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 )
	=	-2.412	/	( ( (23.276 - 3.316)	+	(24.075 - 6.632) )	/ 2 )
	=	-2.412	/	( ( 19.96	+	17.443 )	/ 2 )
	=	-2.412	/	18.7015
	=	-12.90 %

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

Matsa Resources (ASX:MAT) 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.

Matsa Resources ROCE % Related Terms

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Matsa Resources Business Description

Industry

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KB2:Germany

Address

139 Newcastle Street, Suite 11, Perth, WA, AUS, 6000

Website

https://www.matsa.com.au

Matsa Resources Ltd engages in the operation of mineral exploration. It focuses on gold in Western Australia and lithium and base metals assets located in Thailand. The Company's main asset is the Lake Carey Gold Project which includes the near-term development Devon gold project and the Red October and Fortitude North exploration projects. It operates through the Australia and Thailand geographical segments, out of which it derives maximum revenue from Australia.