Octava Minerals (ASX:OCT) ROCE % : -21.07% (As of Dec. 2023)

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What is Octava Minerals 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. Octava Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.07%.

Octava Minerals ROCE % Historical Data

The historical data trend for Octava Minerals'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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Octava Minerals ROCE % Chart

Octava Minerals Annual Data

Trend

Jun23

Jun24

ROCE %

-13.13

-14.38

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23	Jun24
ROCE %	-	-13.26	-	-21.07	-7.51

Octava Minerals ROCE % Calculation

Octava Minerals'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 )
	=	-0.777	/	( ( (5.842 - 0.107)	+	(5.136 - 0.064) )	/ 2 )
	=	-0.777	/	( (5.735	+	5.072)	/ 2 )
	=	-0.777	/	5.4035
	=	-14.38 %

Octava Minerals'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 )
	=	-1.164	/	( ( (5.842 - 0.107)	+	(5.401 - 0.087) )	/ 2 )
	=	-1.164	/	( ( 5.735	+	5.314 )	/ 2 )
	=	-1.164	/	5.5245
	=	-21.07 %

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

Octava Minerals (ASX:OCT) 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.

Octava Minerals ROCE % Related Terms

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Octava Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Octava Minerals Ltd (ASX:OCT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: Byro and the Yallalong project.

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