Reward Minerals (ASX:RWD) ROCE % : -558.05% (As of Jun. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Reward 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. Reward Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -558.05%.

Reward Minerals ROCE % Historical Data

The historical data trend for Reward 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.

* Premium members only.

Reward Minerals ROCE % Chart

Reward Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

1.56

-0.40

-1.24

-8.86

-74.23

Reward Minerals 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															-14.74	-3.00	-141.82	-6.97	-558.05

Reward Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-22.468	/	( ( (44.47 - 4.067)	+	(24.458 - 4.326) )	/ 2 )
	=	-22.468	/	( (40.403	+	20.132)	/ 2 )
	=	-22.468	/	30.2675
	=	-74.23 %

Reward Minerals'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 )
	=	-46.77	/	( ( (24.458 - 4.326)	+	(1.321 - 4.691) )	/ 2 )
	=	-46.77	/	( ( 20.132	+	-3.37 )	/ 2 )
	=	-46.77	/	8.381
	=	-558.05 %

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

Reward Minerals (ASX:RWD) 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.

Reward Minerals ROCE % Related Terms

Thank you for viewing the detailed overview of Reward Minerals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Reward Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

159 Stirling Highway, Nedlands, WA, AUS, 6009

Website

https://www.rewardminerals.com

Reward Minerals Ltd is potash focused exploration and development company. The company operates predominantly in one business segment which is Potash mineral exploration and in one geographical area which is Western Australia.

Reward Minerals Headlines

No Headlines