Stellar Resources (ASX:SRZ) ROCE % : -136.36% (As of Dec. 2023)

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What is Stellar Resources 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. Stellar Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -136.36%.

Stellar Resources ROCE % Historical Data

The historical data trend for Stellar Resources'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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Stellar Resources ROCE % Chart

Stellar Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-47.42

-4.28

-5.06

-4.36

-36.07

Stellar Resources 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															-4.03	-4.64	-6.11	-55.25	-136.36

Stellar Resources ROCE % Calculation

Stellar Resources'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 )
	=	-3.329	/	( ( (17.016 - 0.32)	+	(2.075 - 0.315) )	/ 2 )
	=	-3.329	/	( (16.696	+	1.76)	/ 2 )
	=	-3.329	/	9.228
	=	-36.07 %

Stellar Resources'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 )
	=	-2.406	/	( ( (2.075 - 0.315)	+	(1.886 - 0.117) )	/ 2 )
	=	-2.406	/	( ( 1.76	+	1.769 )	/ 2 )
	=	-2.406	/	1.7645
	=	-136.36 %

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

Stellar Resources (ASX:SRZ) 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.

Stellar Resources ROCE % Related Terms

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Stellar Resources (ASX:SRZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stellar Resources Ltd (ASX:SRZ) » Definitions » ROCE %

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SLROF:USA

Address

96 - 100 Albert Road, Level 4, Melbourne, VIC, AUS, 3205

Website

https://www.stellarresources.com.au

Stellar Resources Ltd is an Australia based company engaged in mineral exploration with the objective of identifying and developing economic reserves. It operates in a single segment named as Tin Exploration. It operates in the Australian mineral exploration sector where it is pursuing opportunities for a range of mineral targets through various tenements all of which are at exploration-stage. It owns an interest in Heemskirk Tin Project located in northwest Tasmania, Australia.

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