Newfield Resources (ASX:NWF) ROCE %: -500.62% (As of Jun. 2024)


What is Newfield Resources ROCE %?

Newfield Resources ASX:NWF ROCE % is -500.62% as of Jun. 2024.

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. Newfield Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -500.62%.

Newfield Resources  (ASX:NWF) 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.

Newfield Resources ROCE % Related Terms

Newfield Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Newfield 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.

Newfield Resources ROCE % Chart

Newfield Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.44 -7.40 2.64 -7.47 -249.27

Newfield Resources 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 19.56 -4.89 -10.15 -6.44 -500.62

Newfield Resources ROCE % Calculation

Newfield 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 )
=-147.969/( ( (142.181 - 11.674) + (3.548 - 15.334) )/ 2 )
=-147.969/( (130.507+-11.786)/ 2 )
=-147.969/59.3605
=-249.27 %

Newfield Resources'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 )
=-287.654/( ( (137.914 - 11.208) + (3.548 - 15.334) )/ 2 )
=-287.654/( ( 126.706 + -11.786 )/ 2 )
=-287.654/57.46
=-500.62 %

(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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -500.62% mean?
Newfield Resources (ASX:NWF) has a ROCE % of -500.62% as of Jun. 2024.
Is Newfield Resources' ROCE % too high?
Newfield Resources' current ROCE % is -500.62%.
How does Newfield Resources' ROCE % compare to HL?
Newfield Resources' ROCE % of -500.62% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Newfield Resources's current ROCE % is -500.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current ROCE % of -500.62%. The current ROCE % is -500.62%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current ROCE % is -500.62% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newfield Resources Business Description

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.