Yari Minerals (ASX:YAR) ROCE % : -17.72% (As of Jun. 2024)

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What is Yari Minerals 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. Yari Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -17.72%.

Yari Minerals ROCE % Historical Data

The historical data trend for Yari Minerals'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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Yari Minerals ROCE % Chart

Yari Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-112.94

-86.53

-81.82

-169.50

Yari Minerals 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															-121.65	-36.70	-163.91	-145.62	-17.72

Yari Minerals ROCE % Calculation

Yari Minerals'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 )
	=	-6.475	/	( ( (6.888 - 4.11)	+	(5.244 - 0.382) )	/ 2 )
	=	-6.475	/	( (2.778	+	4.862)	/ 2 )
	=	-6.475	/	3.82
	=	-169.50 %

Yari Minerals'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 )
	=	-0.694	/	( ( (5.244 - 0.382)	+	(3.193 - 0.221) )	/ 2 )
	=	-0.694	/	( ( 4.862	+	2.972 )	/ 2 )
	=	-0.694	/	3.917
	=	-17.72 %

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

Yari Minerals (ASX:YAR) 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.

Yari Minerals ROCE % Related Terms

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Yari Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yari Minerals Ltd (ASX:YAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

WEST PERTH, P.O. Box 839, Perth, WA, AUS, 6872

Website

https://www.yariminerals.com.au

Yari Minerals Ltd owns 100% interests in the Pilbara Lithium and Wandagee Projects, which comprise approximately 1,400km2 in 6 granted exploration licenses located in the Pilbara and Gascoyne regions of Western Australia. The principal activity of the Company during the course of the reporting period was the mining of zinc and lead ores at its Plomosas Project. The Company considers that it has only operated in one reportable segment, being minerals exploration, development and production in Mexico.

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