Middle Island Resources (ASX:MDI) ROCE % : -79.43% (As of Dec. 2024)

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What is Middle Island 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. Middle Island Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -79.43%.

Middle Island Resources ROCE % Historical Data

The historical data trend for Middle Island 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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Middle Island Resources ROCE % Chart

Middle Island Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-51.14

-91.64

-27.61

-38.95

-16.60

Middle Island 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															-46.00	-35.20	-62.69	30.28	-79.43

Middle Island Resources ROCE % Calculation

Middle Island 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 )
	=	-0.648	/	( ( (3.977 - 0.107)	+	(4.086 - 0.15) )	/ 2 )
	=	-0.648	/	( (3.87	+	3.936)	/ 2 )
	=	-0.648	/	3.903
	=	-16.60 %

Middle Island 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 )
	=	-2.898	/	( ( (4.086 - 0.15)	+	(3.474 - 0.113) )	/ 2 )
	=	-2.898	/	( ( 3.936	+	3.361 )	/ 2 )
	=	-2.898	/	3.6485
	=	-79.43 %

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

Middle Island Resources (ASX:MDI) 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.

Middle Island Resources ROCE % Related Terms

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Middle Island Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Middle Island Resources Ltd (ASX:MDI) » Definitions » ROCE %

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M83:Germany

Address

2 Richardson Street, Suite 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.middleisland.com.au

Middle Island Resources Ltd operates as a gold exploration and development company in Australia and West Africa. It holds an interest in the Reo project located in Burkina Faso, Sandstone Gold Project in Western Australia, and Barkly Copper-Gold Project. The Group has one operating segment being identification, acquisition and exploration of mineral assets.

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