Star Minerals (ASX:SMS) ROCE % : -15.04% (As of Dec. 2023)

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What is Star 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. Star Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.04%.

Star Minerals ROCE % Historical Data

The historical data trend for Star 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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Star Minerals ROCE % Chart

Star Minerals Annual Data

Trend

Jun22

Jun23

ROCE %

-10.88

-20.37

Star Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-11.32	-9.66	-14.40	-26.65	-15.04

Star Minerals ROCE % Calculation

Star 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 )
	=	-1.376	/	( ( (7.804 - 0.488)	+	(6.41 - 0.215) )	/ 2 )
	=	-1.376	/	( (7.316	+	6.195)	/ 2 )
	=	-1.376	/	6.7555
	=	-20.37 %

Star 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 )
	=	-0.964	/	( ( (6.41 - 0.215)	+	(6.731 - 0.104) )	/ 2 )
	=	-0.964	/	( ( 6.195	+	6.627 )	/ 2 )
	=	-0.964	/	6.411
	=	-15.04 %

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

Star Minerals (ASX:SMS) 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.

Star Minerals ROCE % Related Terms

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Star Minerals (ASX:SMS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.starminerals.com.au

Star Minerals Ltd is a Western Australia-focused gold explorer, with a development-ready project and extensive landholdings. It carries on the business of mineral exploration, focused on the exploration and evaluation of the Tumblegum South Project and the West Bryah Project.

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