Sarytogan Graphite (ASX:SGA) ROCE % : -9.83% (As of Dec. 2023)

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What is Sarytogan Graphite 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. Sarytogan Graphite's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.83%.

Sarytogan Graphite ROCE % Historical Data

The historical data trend for Sarytogan Graphite'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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Sarytogan Graphite ROCE % Chart

Sarytogan Graphite Annual Data

Trend

Jun22

Jun23

ROCE %

-113.25

-15.66

Sarytogan Graphite Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-	-24.87	-6.07	-9.83

Sarytogan Graphite ROCE % Calculation

Sarytogan Graphite'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 )
	=	-2.035	/	( ( (3.106 - 1.506)	+	(24.543 - 0.145) )	/ 2 )
	=	-2.035	/	( (1.6	+	24.398)	/ 2 )
	=	-2.035	/	12.999
	=	-15.66 %

Sarytogan Graphite'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 )
	=	-2.352	/	( ( (24.543 - 0.145)	+	(23.64 - 0.195) )	/ 2 )
	=	-2.352	/	( ( 24.398	+	23.445 )	/ 2 )
	=	-2.352	/	23.9215
	=	-9.83 %

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

Sarytogan Graphite (ASX:SGA) 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.

Sarytogan Graphite ROCE % Related Terms

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Sarytogan Graphite (ASX:SGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sarytogan Graphite Ltd (ASX:SGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Hay Street, Suite 8, Subiaco, WA, AUS, 6000

Website

https://www.sarytogangraphite.com.au

Sarytogan Graphite Ltd is a mineral exploration company. The company holds interests in the Sarytogan project located in the Karaganda region of Central Kazakhstan.