Solstice Minerals (ASX:SLS) ROCE % : -30.01% (As of Dec. 2023)

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What is Solstice 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. Solstice Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -30.01%.

Solstice Minerals ROCE % Historical Data

The historical data trend for Solstice 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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Solstice Minerals ROCE % Chart

Solstice Minerals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-16.46

-39.68

-24.29

Solstice Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-43.19	-37.42	-30.01	-24.43

Solstice Minerals ROCE % Calculation

Solstice 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 )
	=	-4.423	/	( ( (16.39 - 0.63)	+	(21.897 - 1.245) )	/ 2 )
	=	-4.423	/	( (15.76	+	20.652)	/ 2 )
	=	-4.423	/	18.206
	=	-24.29 %

Solstice 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 )
	=	-4.548	/	( ( (16.39 - 0.63)	+	(14.881 - 0.331) )	/ 2 )
	=	-4.548	/	( ( 15.76	+	14.55 )	/ 2 )
	=	-4.548	/	15.155
	=	-30.01 %

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

Solstice Minerals (ASX:SLS) 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.

Solstice Minerals ROCE % Related Terms

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Solstice Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

454 Roberts Road, Unit 2, Subiaco, WA, AUS, 6008

Website

https://www.solsticeminerals.com.au

Solstice Minerals Ltd is engaged in mineral exploration and development. Solstice Minerals projects are the Yarri Project, Kalgoorlie Project and Ponton Project.