Viking Mines (ASX:VKA) ROCE % : -28.56% (As of Dec. 2024)

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What is Viking Mines 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. Viking Mines's annualized ROCE % for the quarter that ended in Dec. 2024 was -28.56%.

Viking Mines ROCE % Historical Data

The historical data trend for Viking Mines'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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Viking Mines ROCE % Chart

Viking Mines Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-34.86

-106.97

-40.25

25.04

-32.99

Viking Mines Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-17.05	67.54	-40.55	-25.48	-28.56

Viking Mines ROCE % Calculation

Viking Mines'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 )
	=	-2.764	/	( ( (11.691 - 2.139)	+	(8.782 - 1.578) )	/ 2 )
	=	-2.764	/	( (9.552	+	7.204)	/ 2 )
	=	-2.764	/	8.378
	=	-32.99 %

Viking Mines'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 )
	=	-2.282	/	( ( (8.782 - 1.578)	+	(10.639 - 1.863) )	/ 2 )
	=	-2.282	/	( ( 7.204	+	8.776 )	/ 2 )
	=	-2.282	/	7.99
	=	-28.56 %

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

Viking Mines (ASX:VKA) 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.

Viking Mines ROCE % Related Terms

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Viking Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Viking Mines Ltd (ASX:VKA) » Definitions » ROCE %

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Address

15-17 Old Aberdeen Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.vikingmines.com

Viking Mines Ltd is engaged in investing in mineral exploration projects. The projects includes : First Hit Project, Akoase Gold Project, Canegrass Battery Mineral Project. The group operates in Ghana and Western Australia.

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