Red Hill Minerals (ASX:RHI) ROCE % : 7.35% (As of Dec. 2024)

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What is Red Hill 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. Red Hill Minerals's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.35%.

Red Hill Minerals ROCE % Historical Data

The historical data trend for Red Hill 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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Red Hill Minerals ROCE % Chart

Red Hill Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-4.49

-16.40

514.75

-3.90

155.14

Red Hill Minerals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-10.34	2.72	-4.63	329.60	7.35

Red Hill Minerals ROCE % Calculation

Red Hill 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 )
	=	195.443	/	( ( (53.929 - 0.527)	+	(242.118 - 43.568) )	/ 2 )
	=	195.443	/	( (53.402	+	198.55)	/ 2 )
	=	195.443	/	125.976
	=	155.14 %

Red Hill Minerals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	10.532	/	( ( (242.118 - 43.568)	+	(89.748 - 1.889) )	/ 2 )
	=	10.532	/	( ( 198.55	+	87.859 )	/ 2 )
	=	10.532	/	143.2045
	=	7.35 %

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

Red Hill Minerals (ASX:RHI) 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.

Red Hill Minerals ROCE % Related Terms

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Red Hill Minerals Business Description

Industry

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

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Traded in Other Exchanges

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Address

9 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.redhillminerals.com.au

Red Hill Minerals Ltd is an exploration company that focuses on the exploration of non-ferrous minerals over the RHIOJV tenements in the Western Pilbara region of Western Australia. Exploration targets include precious (gold) and battery metals. The company is also progressing the development of its Pannawonica Channel Iron Deposits (CID) and rock quarrying opportunities from its Three Peaks project. Its projects portfolio includes Red Hill Minerals West Pilbara Project, Mineral Resources Ltd Ashburton Hub - Royalty, Pannawonica Iron Ore, and Three Peaks Hard Rock Deposit.