Zeus Resources (ASX:ZEU) ROCE % : -24.06% (As of Dec. 2024)

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What is Zeus 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. Zeus Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -24.06%.

Zeus Resources ROCE % Historical Data

The historical data trend for Zeus 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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Zeus Resources ROCE % Chart

Zeus Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-45.87

-14.64

-23.56

-36.33

-20.90

Zeus Resources 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															-47.70	-47.79	-17.01	-24.69	-24.06

Zeus Resources ROCE % Calculation

Zeus Resources'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 )
	=	-0.602	/	( ( (3.326 - 0.177)	+	(2.755 - 0.142) )	/ 2 )
	=	-0.602	/	( (3.149	+	2.613)	/ 2 )
	=	-0.602	/	2.881
	=	-20.90 %

Zeus Resources'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 )
	=	-0.776	/	( ( (2.755 - 0.142)	+	(3.888 - 0.051) )	/ 2 )
	=	-0.776	/	( ( 2.613	+	3.837 )	/ 2 )
	=	-0.776	/	3.225
	=	-24.06 %

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

Zeus Resources (ASX:ZEU) 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.

Zeus Resources ROCE % Related Terms

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Zeus Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Zeus Resources Ltd (ASX:ZEU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Bowman Street, Level 1, South Perth, WA, AUS, 6151

Website

https://www.zeusresources.com

Zeus Resources Ltd is engaged in identifying and acquiring uranium exploration projects in Australia. The principal activity of the company includes the exploration and development of uranium and other metal resources and the assessment of options for investment in multi-commodity mining assets. The company owns an interest in North Musgrave Project, Narnoo Project, Mortimer Hills Project, Red Rock Project, and others. The company operates through a single segment being exploration of Lithium, Potash and other metal resources and the assessment of options for investment in multi-commodity mining assets.

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