Mallee Resources (ASX:MYL) ROCE % : -2.28% (As of Dec. 2021)

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What is Mallee 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. Mallee Resources's annualized ROCE % for the quarter that ended in Dec. 2021 was -2.28%.

Mallee Resources ROCE % Historical Data

The historical data trend for Mallee 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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Mallee Resources ROCE % Chart

Mallee Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-58.83

-39.85

-34.12

-12.79

-11.29

Mallee Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial															-27.13	-22.87	-1.21	-2.28	-17.21

Mallee Resources ROCE % Calculation

Mallee Resources's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-4.568	/	( ( (36.727 - 1.143)	+	(46.469 - 1.116) )	/ 2 )
	=	-4.568	/	( (35.584	+	45.353)	/ 2 )
	=	-4.568	/	40.4685
	=	-11.29 %

Mallee Resources's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	-0.97	/	( ( (36.727 - 1.143)	+	(49.92 - 0.358) )	/ 2 )
	=	-0.97	/	( ( 35.584	+	49.562 )	/ 2 )
	=	-0.97	/	42.573
	=	-2.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

Mallee Resources (ASX:MYL) 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.

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Mallee Resources (ASX:MYL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Havelock Street, Suite 1, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

http://www.malleeresources.com.au

Mallee Resources Ltd, formerly Myanmar Metals Ltd is a mineral exploration and mining company. It has an interest in the Bawdwin deposit located in Shan State, Myanmar.

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