Southern Palladium (ASX:SPD) ROCE % : -29.15% (As of Dec. 2024)

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What is Southern Palladium 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. Southern Palladium's annualized ROCE % for the quarter that ended in Dec. 2024 was -29.15%.

Southern Palladium ROCE % Historical Data

The historical data trend for Southern Palladium'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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Southern Palladium ROCE % Chart

Southern Palladium Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-6.16

-18.97

-25.33

Southern Palladium Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-3.54	-36.51	-4.34	-49.10	-29.15

Southern Palladium ROCE % Calculation

Southern Palladium'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 )
	=	-7.114	/	( ( (31.285 - 0.099)	+	(25.113 - 0.138) )	/ 2 )
	=	-7.114	/	( (31.186	+	24.975)	/ 2 )
	=	-7.114	/	28.0805
	=	-25.33 %

Southern Palladium'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 )
	=	-7.026	/	( ( (25.113 - 0.138)	+	(23.339 - 0.103) )	/ 2 )
	=	-7.026	/	( ( 24.975	+	23.236 )	/ 2 )
	=	-7.026	/	24.1055
	=	-29.15 %

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

Southern Palladium (ASX:SPD) 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.

Southern Palladium ROCE % Related Terms

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Southern Palladium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Palladium Ltd (ASX:SPD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SDL:South Africa

Address

283 George Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.southernpalladium.com

Southern Palladium Ltd is engaged in stage platinum group minerals (PGM) exploration and development through its acquisition in the Bengwenyama palladium/rhodium-dominated PGM project located on the Eastern Limb of the Bushveld, South Africa.

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