Fenix Resources (FRA:4ER) ROCE % : 17.68% (As of Jun. 2024)

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What is Fenix 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. Fenix Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was 17.68%.

Fenix Resources ROCE % Historical Data

The historical data trend for Fenix 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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Fenix Resources ROCE % Chart

Fenix Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-17.20

133.65

70.93

28.52

27.24

Fenix Resources 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															106.57	21.81	34.80	37.34	17.68

Fenix Resources ROCE % Calculation

Fenix 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 )
	=	31.109	/	( ( (115.853 - 19.172)	+	(164.564 - 32.841) )	/ 2 )
	=	31.109	/	( (96.681	+	131.723)	/ 2 )
	=	31.109	/	114.202
	=	27.24 %

Fenix 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 )
	=	22.034	/	( ( (146.438 - 28.944)	+	(164.564 - 32.841) )	/ 2 )
	=	22.034	/	( ( 117.494	+	131.723 )	/ 2 )
	=	22.034	/	124.6085
	=	17.68 %

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

Fenix Resources (FRA:4ER) 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.

Fenix Resources ROCE % Related Terms

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Fenix Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fenix Resources Ltd (FRA:4ER) » Definitions » ROCE %

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Traded in Other Exchanges

FEX:Australia

Address

1 Spring Street, Level 33, Perth, WA, AUS, 6000

Website

https://www.fenixresources.com.au

Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has three reportable segments: the Mining, Logistics and Port Services businesses. The majority of the revenue is generated from Mining segment which consists of exploration, development and mining of mineral tenements across Western Australia's Mid-West. The logistics segment involves provision of high-quality bulk commodity road and rail haulage logistics solutions to service both Fenix operations as well as third-party customers. The Port Services segment consists of provision of in-loading access via truck or rail for secure storage at Fenix on wharf storage facilities (comprising 3 sheds) at Geraldton Port and offering direct ship loading access and services.

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