Surefire Resources NL (ASX:SRN) ROCE % : -185.47% (As of Dec. 2023)

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What is Surefire Resources NL 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. Surefire Resources NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -185.47%.

Surefire Resources NL ROCE % Historical Data

The historical data trend for Surefire Resources NL'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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Surefire Resources NL ROCE % Chart

Surefire Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-463.92

-276.31

-65.63

-118.87

Surefire Resources NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-106.57	-76.10	-103.73	-165.56	-185.47

Surefire Resources NL ROCE % Calculation

Surefire Resources NL'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 )
	=	-3.764	/	( ( (5.263 - 0.575)	+	(5.538 - 3.893) )	/ 2 )
	=	-3.764	/	( (4.688	+	1.645)	/ 2 )
	=	-3.764	/	3.1665
	=	-118.87 %

Surefire Resources NL'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 )
	=	-4.556	/	( ( (5.538 - 3.893)	+	(16.171 - 12.903) )	/ 2 )
	=	-4.556	/	( ( 1.645	+	3.268 )	/ 2 )
	=	-4.556	/	2.4565
	=	-185.47 %

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

Surefire Resources NL (ASX:SRN) 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.

Surefire Resources NL ROCE % Related Terms

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Surefire Resources NL (ASX:SRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Surefire Resources NL (ASX:SRN) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

100 Mill Point Road, Unit 10, South Perth, Perth, WA, AUS, 6151

Website

https://www.surefireresources.com.au

Surefire Resources NL is a mineral exploration company. The company's projects include Vanadium Resources and Kooline Lead-Silver Project. The Vanadium Resources Project is located in the Mid West of Western Australia and the Kooline Project is located in the Ashburton province of Western Australia. Business revenue is received from sources and assets located within Australia. The Company focussed on progressing the Victory Bore project and advancing the Yidby (gold) project, along with exploration on its other greenfield projects at Kadji (nickel-copper-PGE's) and Kooline (lead-silver), andPerenjori Iron Ore projects.

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