Ora Banda Mining (ASX:OBM) ROCE % : 36.71% (As of Jun. 2024)

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What is Ora Banda Mining 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. Ora Banda Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was 36.71%.

Ora Banda Mining ROCE % Historical Data

The historical data trend for Ora Banda Mining'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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Ora Banda Mining ROCE % Chart

Ora Banda Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-10.79

-21.29

-84.69

-61.20

31.61

Ora Banda Mining 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															-178.84	-74.04	-73.97	33.92	36.71

Ora Banda Mining ROCE % Calculation

Ora Banda Mining'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 )
	=	31.66	/	( ( (114.619 - 42.978)	+	(195.811 - 67.142) )	/ 2 )
	=	31.66	/	( (71.641	+	128.669)	/ 2 )
	=	31.66	/	100.155
	=	31.61 %

Ora Banda Mining'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 )
	=	37.94	/	( ( (143.285 - 65.275)	+	(195.811 - 67.142) )	/ 2 )
	=	37.94	/	( ( 78.01	+	128.669 )	/ 2 )
	=	37.94	/	103.3395
	=	36.71 %

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

Ora Banda Mining (ASX:OBM) 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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Ora Banda Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Banda Mining Ltd (ASX:OBM) » Definitions » ROCE %

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Address

1 Hood Street, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.orabandamining.com.au

Ora Banda Mining Ltd operates as an exploration and production company in Australia. The company is focused on mineral exploration, mining operations, mine development, and the sale of gold in Western Australia. It owns an interest in the Davyhurst Project located to the northwest of Kalgoorlie within the Eastern Goldfields of Western Australia. Some of the projects of the company are Riverina, Callion, Siberia, Lady Ida, and Others.

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