Podium Minerals (ASX:POD) ROCE % : -10.63% (As of Dec. 2023)

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What is Podium 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. Podium Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.63%.

Podium Minerals ROCE % Historical Data

The historical data trend for Podium 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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Podium Minerals ROCE % Chart

Podium Minerals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-9.87

-22.64

-9.75

-40.22

-35.63

Podium Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-18.81	-50.72	-54.96	-15.51	-10.63

Podium Minerals ROCE % Calculation

Podium Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-6.858	/	( ( (19.056 - 2.372)	+	(22.426 - 0.612) )	/ 2 )
	=	-6.858	/	( (16.684	+	21.814)	/ 2 )
	=	-6.858	/	19.249
	=	-35.63 %

Podium 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 )
	=	-2.374	/	( ( (22.426 - 0.612)	+	(23.318 - 0.483) )	/ 2 )
	=	-2.374	/	( ( 21.814	+	22.835 )	/ 2 )
	=	-2.374	/	22.3245
	=	-10.63 %

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

Podium Minerals (ASX:POD) 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.

Podium Minerals ROCE % Related Terms

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Podium Minerals (ASX:POD) Business Description

Industry

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

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Traded in Other Exchanges

55D:Germany

Address

234 Churchill Avenue, Level 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.podiumminerals.com

Podium Minerals Ltd is an exploration and resources development company focused on platinum group metals, gold, and nickel-copper sulphides. The company's project profile includes Parks Reef Project; WRC Ni-Cu Sulphide Project and others. It operates within Australia.

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