Voltaic Strategic Resources (ASX:VSR) ROCE % : 8.81% (As of Jun. 2024)

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What is Voltaic Strategic 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. Voltaic Strategic Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.81%.

Voltaic Strategic Resources ROCE % Historical Data

The historical data trend for Voltaic Strategic 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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Voltaic Strategic Resources ROCE % Chart

Voltaic Strategic Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-109.66

-16.40

-89.50

-22.17

Voltaic Strategic Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-	-123.73	-27.32	-19.77	8.81

Voltaic Strategic Resources ROCE % Calculation

Voltaic Strategic Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.737	/	( ( (5.381 - 0.237)	+	(10.733 - 0.207) )	/ 2 )
	=	-1.737	/	( (5.144	+	10.526)	/ 2 )
	=	-1.737	/	7.835
	=	-22.17 %

Voltaic Strategic Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0.958	/	( ( (10.733 - 0.207)	+	(11.446 - 0.226) )	/ 2 )
	=	0.958	/	( ( 10.526	+	11.22 )	/ 2 )
	=	0.958	/	10.873
	=	8.81 %

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

Voltaic Strategic Resources (ASX:VSR) 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.

Voltaic Strategic Resources ROCE % Related Terms

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Voltaic Strategic Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Voltaic Strategic Resources Ltd (ASX:VSR) » Definitions » ROCE %

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Address

38 Colin Street, Suite 2, Bowman House, West Perth, WA, AUS, 6005

Website

https://www.voltaicresources.com

Voltaic Strategic Resources Ltd is an onshore oil and gas exploration and production company that is focused on developing assets in the USA. The projects of the company include Gascoyne Battery & Precious Metals Projects, Meekatharra Gold Projects, and Nevada Nickel-Copper-Cobalt Project.

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