Strickland Metals (ASX:STK) ROCE % : -5.79% (As of Dec. 2023)

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What is Strickland Metals 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. Strickland Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.79%.

Strickland Metals ROCE % Historical Data

The historical data trend for Strickland Metals'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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Strickland Metals ROCE % Chart

Strickland Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-11.73

-41.62

-16.95

-5.69

-4.69

Strickland Metals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-8.07	-5.45	-5.71	-5.79	-2.91

Strickland Metals ROCE % Calculation

Strickland Metals'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 )
	=	-2.398	/	( ( (39.558 - 2.198)	+	(50.621 - 3.639) )	/ 2 )
	=	-2.398	/	( (37.36	+	46.982)	/ 2 )
	=	-2.398	/	42.171
	=	-5.69 %

Strickland Metals'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 )
	=	-3.726	/	( ( (50.621 - 3.639)	+	(83.953 - 2.299) )	/ 2 )
	=	-3.726	/	( ( 46.982	+	81.654 )	/ 2 )
	=	-3.726	/	64.318
	=	-5.79 %

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

Strickland Metals (ASX:STK) 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.

Strickland Metals ROCE % Related Terms

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Strickland Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strickland Metals Ltd (ASX:STK) » Definitions » ROCE %

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Address

15 Ogilvie Road, Level 4, Mount Pleasant, WA, AUS, 6153

Website

https://www.stricklandmetals.com.au

Strickland Metals Ltd is a mineral exploration company with projects in Australia. The company explores for gold, silver, copper, zinc, and cobalt. The projects include the Iroquois Project; Yandal Gold Project, Bryah basin project, Morgan range project, and Rogonza project.