Magnetic Resources NL (ASX:MAU) ROCE % : -334.99% (As of Dec. 2023)

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What is Magnetic Resources NL 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. Magnetic Resources NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -334.99%.

Magnetic Resources NL ROCE % Historical Data

The historical data trend for Magnetic Resources NL'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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Magnetic Resources NL ROCE % Chart

Magnetic Resources NL Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-104.69

-163.56

-169.98

-242.43

-204.54

Magnetic Resources NL 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															-193.13	-199.85	-196.29	-334.99	-200.47

Magnetic Resources NL ROCE % Calculation

Magnetic Resources NL'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 )
	=	-7.136	/	( ( (2.555 - 0.372)	+	(4.491 - 0.787) )	/ 2 )
	=	-7.136	/	( (2.183	+	3.704)	/ 2 )
	=	-7.136	/	2.9435
	=	-242.43 %

Magnetic Resources NL'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 )
	=	-12.84	/	( ( (4.491 - 0.787)	+	(4.828 - 0.866) )	/ 2 )
	=	-12.84	/	( ( 3.704	+	3.962 )	/ 2 )
	=	-12.84	/	3.833
	=	-334.99 %

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

Magnetic Resources NL (ASX:MAU) 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.

Magnetic Resources NL ROCE % Related Terms

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Magnetic Resources NL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnetic Resources NL (ASX:MAU) » Definitions » ROCE %

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Traded in Other Exchanges

MAUCA:Australia

Address

44A Kings Park Road, 1st Floor, West Perth, West Perth, WA, AUS, 6005

Website

https://www.magres.com.au

Magnetic Resources NL is engaged in the exploration of mineral tenements in Western Australia. The company explores for iron ore, gold, and magnetite ores. Its projects are Lady Julie Project; Hawks Nest, chatterbox shear, Julimar and Homeward Bound Projects.

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